Nissan is reportedly in talks to speculate $400 million (£316m) in ailing electric car start-up Fisker.

Fisker yesterday introduced it has paused improvement of its inexpensive compact EV, the Pear, having made a loss of $463.6 million (£366m) in the course of the fourth quarter of 2023.

CEO and founder Henrik Fisker added that the corporate was looking for a collaboration with one other automobile agency to generate money or scale back prices.

He stated: “Fisker is in negotiations with a large auto maker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms and North America manufacturing.”

Bloomberg and Reuters have now reported that the producer in query is Nissan, citing nameless sources accustomed to the matter.

Reuters added that the talks concern a $400 million (£316m) money injection from Nissan, in trade for entry to the platform underpinning the Fisker Alaska pick-up. Nissan would additionally produce the Alaska at certainly one of its US-based factories, alongside its personal mannequin constructed on the identical structure.

Fisker Chief monetary officer Geeta Gupta-Fisker stated on Thursday’s earnings name that continued improvement of the Alaska trusted a profitable tie-up with an unnamed automobile agency.

Henrik beforehand stated that the “large auto maker” the corporate was in talks with was not contract producer Foxconn, with which Fisker has beforehand negotiated about manufacturing vehicles in North America collectively.

The negotiation successfully ended Fisker’s relationship with Foxconn, stated Henrik Fisker.

The firm is presently focusing its remaining money reserves on ramping up manufacturing of the Ocean SUV, which is being constructed by contract producer Magna Steyr in Austria, in addition to rolling out additional software program updates for the automobile, he added.