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Fisker Moves Forward, Leases California Factory For 11 Years

Originally published on EV Obsession.

A few months ago, I wrote about Fisker Automotive and Technology Group’s search for factory space in California to resuming production of the Elux Karma (aka Fisker Karma). This was somewhat surprising, since it’s not too common for a Chinese company* to manufacture products in California, but stranger things have happened.

Fisker Karma used

According to the Los Angeles Times, Fisker has signed a contract to lease a building with 556,000 square feet of space in Riverside County. The lease is set for 11 years, and the value of the deal has been estimated at $30 million. Clearly, if these numbers are true, Fisker is serious about the Karma and Karma production in Cali.

I’ll update you if more critical information comes in, but for more detail on Fisker Automotive and Technology Group and the Fisker Karma’s history up until now, check out: Fisker Electric Car — Production Resuming? What’s New?

*Wanxiang Automotive bought out Fisker Automotive after it went bankrupt.

 
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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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