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List of affordable EVs available under US$50,000 in 2024 expands with options from Nissan, Mini Cooper, Hyundai, Fiat, Chevrolet, Volvo, Fisker, Tesla, Kia, Volkswagen, Ford, Toyota, Subaru, Vinfast and Honda; Nissan Leaf leads list at US$29,280

Fisker suspends automobile production for six weeks to reduce inventory of about 4,700 EVs, fails to make an US$8.4M interest payment, and makes plans to raise US$150.0M through financing deal; the company's shares drop by 14%

Fisker hires restructuring advisers for prospective bankruptcy filing reports Wall Street Journal, triggering stock price to drop by over 40% after-hours; Nissan reportedly in talks with Fisker for potential electric pickup truck reports Reuters

EV maker Fisker to expand sales network by adding dealerships in addition to its direct-to-customer distribution model to address delivery bottlenecks; company plans to partner with approximately 50 dealers in Europe, US and Canada

Fisker to scale down EV production in December to prioritize cash, unlock US$300.0M of working capital; production target for the year is reduced to about 10,000 units from previous 13,000 to 17,000 forecast

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