Fisker and Crédit Agricole Consumer Finance sign a green memorandum of understanding for the delivery of Fisker Ocean electric vehicles
LOS ANGELES & PARIS – (COMMERCIAL THREAD) –Fisker Inc. (NYSE: FSR) (Fisker) – designer and manufacturer of the world’s most moving and environmentally friendly electric vehicles and advanced mobility solutions – today announced that it has signed a Memorandum of Understanding * with Crédit Agricole Consumer Finance, a subsidiary of Crédit Groupe Agricole – the first financial partner of the French economy and one of the largest banking groups in Europe – for the potential supply of Fisker Ocean SUVs.
Under this MoU, Agilauto will be able to purchase Fisker Ocean SUVs for eligible employees and certain clients of the group’s private bank, with delivery expected to start from January 2023.
“We welcome Crédit Agricole Consumer Finance’s commitment to providing better access to zero-emission mobility for its employees,” said Henrik Fisker, Chairman and CEO of Fisker. “60% of new vehicle sales in Europe are made through business-to-business transactions, and we are ready to partner with forward-thinking companies like Crédit Agricole Consumer Finance as the market increasingly moves towards electrification. ”
“We are proud to act for the transformation towards low carbon mobility, as part of Crédit Agricole Consumer Finance’s sustainable development strategy,” said Agilauto’s commercial director, François ASCHEHOUG (Crédit Agricole Consumer Finance). “The Fisker Ocean will give our employees and the private banking market access to latest generation technologies and performance while strengthening our commitment to a low carbon fleet. ”
Fisker is expected to begin production of its first vehicle, the Ocean electric SUV, in the fourth quarter of 2022. The Fisker Ocean will initially be manufactured in Europe and sold in several markets in Europe and North America. Interest in the vehicle continues to grow at an encouraging rate, with worldwide paid bookings now standing at over 14,000.
* The MoU is non-binding on parties intending to negotiate a definitive agreement.
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About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and environmentally friendly electric vehicles on Earth. Passionate about the vision of a clean future for all, the company has set itself the mission of becoming the leading provider of electric mobility services with the most sustainable vehicles in the world. To learn more, visit www.FiskerInc.com – and enjoy exclusive content on Fisker’s social networks: Facebook, Instagram, Twitter, Youtube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store Where google play shop.
About Crédit Agricole Consumer Finance
Crédit Agricole Consumer Finance, a consumer credit subsidiary of Crédit Agricole SA, distributes a wide range of consumer loans and related services (in France, mainly through its Sofinco, Viaxel and Creditlift Courtage trademarks) for the whole distribution channels: direct sales, point of sale financing (automotive and household appliances) and partnerships. Alongside the large distribution companies, specialized distribution and institutional players in the 19 countries where it is present, CA Consumer Finance offers its partners flexible, responsible solutions adapted to their needs and those of their customers. Excellent relationships, local responsibility and social commitment are the pillars that make CA Consumer Finance a group that acts in the interest of its customers and the company on a daily basis. As of December 31, 2020, CA Consumer Finance manages € 91 billion in outstanding loans.
Learn more: www.ca-consumerfinance.com
This press release contains forward-looking statements, which are subject to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel”, “believe”, “Expect”, “estimates”, “plans”, “intention”, “should”, “must be”, or the negative of these terms, or any other comparable terminology and include, among others, quotes from our CEO and statements regarding the future performance of the Company in connection with “Business Outlook 2021” and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to not limited to: the limited exploitation of Fisker history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other leading OEMs or suppliers in order to execute its business plan; the risk that the OEM and supplier partners may not meet agreed deadlines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its anticipated products and services; Fisker’s inability to retain key personnel and hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and the factors discussed in Fisker’s registration statement on Form S-1 (No. 333-249981) under the heading “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”) and d ‘other reports and documents that Fisker files on time with the SEC. Forward-looking statements speak only as of the date on which they are made, and Fisker does not undertake to update any forward-looking statements to reflect events or circumstances after the date of this press release.