As of Monday, Nov. 9, Manhattan Beach is where the crafting of Fisker’s cars will begin.
On a whirlwind morning, electric carbuilder Fisker Inc. celebrated joining the New York Stock Exchange’s network, formally established its headquarters in Manhattan Beach and introduced the new Ocean SUV.
Henrik Fisker, chairman and CEO of the car company, virtually rang the opening bell morning to commemorate its official entry into the public market in tandem with unveiling its nucleus in the South Bay.
That hub, called “Inception,” will first be used to complete the design and engineering of the Ocean SUV, which is projected to hit the consumer market at the end of 2022. The new headquarters will house up to 300 engineering and design professionals; there are currently 100 on site.
“We’re aiming for the Ocean SUV to be the world’s most sustainable vehicle,” Fisker said during the opening event, which was live streamed.
That work will soon fuel the city’s economic growth, said Mayor Richard Montgomery.
The Ocean will feature solar panels on their roofs, interior crafted from recycled materials and compact look despite lots of space inside, Fisker said.
“Fisker is exactly the type of company we hoped to attract here, as they match our commitment to the environment,” Montgomery said. “For the city, it reflects the fact that environmentally based businesses want to be based here.”
Fisker plans to eventually produce up to 25 different vehicles, he added, including a sports car, the Emotion, the model that first sparked his automotive vision. Future models will also be conceptualized at “Inception.”
By 2025, Fisker plans to also introduce a super-sports sedan, an extreme sports crossover and a lifestyle pickup truck. Fisker, founded in 2016 in Los Angeles, had initial startup headquarters in the South Bay.
The company also opened an engineering and research center last month in San Francisco, called “Source Code” and plans to establish another headquarters in Munich, Germany.
Until 2022, the Ocean is undergoing durability testing and getting all the design requirements verified, Fisker said.
Montgomery on Monday also checked out a prototype of the Ocean SUV with Fisker and Richard Lundquist, president of development company Continental Development Corporation, which operates the building where the new office space is based.
Fisker joins tenants True Religion clothing company and CTRL Collective, a co-working space, in the office building at 1888 Rosecrans Avenue.
Continental has two dozen other properties in the South Bay, including Carson, El Segundo and Torrance.