Fisker expands into additional European markets, deliveries slated for September

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【Summary】Electric vehicle maker, Fisker Inc., is expanding its presence in Europe with launches in Belgium, the Netherlands, and Switzerland. The company plans to establish retail locations and delivery and service centers in these markets, with deliveries expected to begin by September. Fisker already has a presence in other European countries and aims to create a strong early presence in the region.

FutureCar Staff Aug 28, 2023 6:15 AM PT

Fisker expands into additional European markets, deliveries slated for September

Shares of Fisker Inc. FSR increased by 1.2% during premarket trading on Monday. This comes after the electric vehicle manufacturer announced its plans to expand into three new markets in Europe. Fisker Inc. intends to establish retail locations, as well as delivery and service centers, in Belgium, the Netherlands, and Switzerland. The company expects to begin delivering vehicles in these markets by the end of September. It is worth noting that Fisker Inc. already has a presence in several European countries, including Austria, Denmark, France, Germany, Norway, Sweden, and the United Kingdom.

Fisker Inc.'s Chief Executive, Henrik Fisker, expressed the company's ambition to sell their vehicles worldwide. However, establishing a strong foothold in Europe has always been a top priority for them. Despite this positive news, the company's stock has experienced a 9.8% decline over the past three months, up until Friday. In comparison, the S&P 500 has seen a 4.8% increase during the same period.