Wall Street s Tug of War: Goldman Sachs (GS) Pukes on Fisker s (FSR) Prospects Even as Bank of America (BAC) and Morgan Stanley (MS) Champion the Bullish Thesis wccftech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wccftech.com Daily Mail and Mail on Sunday newspapers.
A Potential Partnership Between Lucid Motors and Apple (AAPL) Has Become the Latest Subject of Speculation for Churchill Capital Corp. IV (CCIV) Investors Mar 16, 2021 06:49 EDT
Lucid Motors certainly has a knack for remaining the center of speculation in the SPAC universe, with the latest round of rumors revolving around a potential tie-up with Apple (NASDAQ:AAPL).
Given the similar design philosophy of Lucid Motors and Apple, it is not hard to imagine how the rumors of a partnership between the two began doing the rounds. After all, both companies claim to market refined products that scream luxury. Moreover, both view themselves as disruptors in their respective tech sphere. However, Apple’s EV gambit under Project Titan has created a fresh avenue for a collaboration between these two companies.
Lucid Motors Is Pursuing a Vertical Integration Strategy While Fisker (FSR) Is Doubling Down on Outsourcing the Manufacturing of Its EVs – Which Strategy Unlocks Maximum Shareholder Value? Mar 2, 2021 07:52 EST
Lucid Motors, the manufacturer of ultra-luxury Air EV, recently finalized its much-anticipated merger DA with the SPAC Churchill Capital Corp. IV (NYSE:CCIV), affording substantial clarity to investors regarding the company’s operational strategy. On the other hand, the EV manufacturer Fisker seems to have doubled down on a diametrically opposite operational strategy. Today, we will attempt to identify the strategy that retains the highest probability of unlocking maximum shareholder value.
Foxconn to manufacture the vehicle at projected annual volumes of more than 250,000.
Global market scope – including North America, Europe, China, and India.
The projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022.
This collaboration between Fisker and Foxconn aims to revolutionise the automotive industry model by introducing further ICT capabilities, helping manufacturers accelerate the transition to new manufacturing processes and business models. Fisker Chairman and CEO, Henrik Fisker, had this to say:
We created our company to disrupt every convention in the auto industry. The creation of Project PEAR with Foxconn brings together two likeminded and complementary companies, each focused on creating new value in a traditional industry. We will create a vehicle that crosses social borders, while offering a combination of advanced technology, desirable design, innovation and