Manufacturing

Fisker Ocean is a cautionary tale for EV startups using contract manufacturing

Contract manufacturing is a way for start-ups to get their products to market faster and for less money than if the build the vehicle themselves. But hiring a company with a great reputation for manufacturing doesn’t guarantee a trouble-free vehicle.
March 10, 2024 05:00 AM

Peter Barrett, an executive with energy conglomerate Halliburton, is a gearhead with a weakness for good-looking vehicles. He loved the styling of the Fisker Ocean electric crossover and ordered one about two years before the first production car was built.

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