Fisker Ocean: World's Most Sustainable Vehicle Launch slide image

Fisker Ocean: World's Most Sustainable Vehicle Launch

RAPID PRODUCT DEVELOPMENT CREATES COMPETITIVE ADVANTAGE Fisker Flexible Platform-Adaptive Design (FF-PAD) Benefits ■ 2x faster development time " $2bn-$4bn lower program cost ■ Rapid portfolio expansion ■ More modern product - source technology closer to launch ■ Better view of competitive landscape at program start Copyright 2021 Fisker Inc. All rights reserved. Months FF-PAD ARCHITECTURE VS TRADITIONAL OEM TIMELINE Typical OEM Platform Program Start 60 50 Strategy (24 months) Development Time (approx. 2x faster) 40 28-30 30 48-60 10 20 22° 0 Fisker est. Trad'l OEM 11 Fisker Ocean Strategy (5 month) Delivery (10 months) Program Start Strategy Confirmed Data Release Delivery (18 months) Strategy Confirmed Program Cost (USD billions) 5 4 3 Data Release Launch (14 months) Start of Production Launch (16 months) Start of Production Program Cost (approx. $2-4 bn savings) 2 <1 3-5 0 Fisker est. Trad'l OEM
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