Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Electric vehicle maker Fisker (NYSE: FSR) announced on Monday that it has nominated Sharp Corporation, part of the Hon Hai Technology Group, to develop technologies supporting in-vehicle screens and interfaces for its Ocean SUV.
The agreement includes the co-creation of technologies and the manufacture of screens and components from Sharp to support the Ocean SUV, Project' PEAR' (Personal Electric Automotive Revolution), and potentially two additional Fisker vehicles.
Fisker said it will work with Sharp to optimise the global production strategy for all screens and related products. The company intends to start production and deliveries on its first vehicle, the Ocean electric SUV, in Q4 2022.
Fisker Chairman and CEO, Henrik Fisker commented: “The nomination of Sharp brings another world-class partner into our product development and technology ecosystem.
“Our product development process enables us to design and develop products with high quality partners like Sharp much closer to the time of launch, which in turn enables us to deliver the latest technologies to our customers.
“Our collaboration with Sharp is set to create exciting new automotive display systems, featuring innovative backlight solutions to improve illumination without increasing power consumption – in addition to class-leading resolution, bezels, and design.”
Premarket, Fisker's share price is trading 0.95% above Friday's close at $10.60.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .