Fisker (FSR) partners with Ample to employ battery swapping technology

Electric automaker, Fisker Inc (NYSE: FSR) said Tuesday that it would be partnering with new energy company, Ample to deliver Ocean electric SUVs with swappable batteries by the start of next year.

Fisker is hoping its partnership with the battery startup will help the company increase scale and adoption of its EVs in the United States and Europe, the electric car maker said, adding that Ample will share revenue related to the battery swapping mechanism.

Battery-swapping, replacing a depleted battery with a freshly charged one, is fast emerging as an alternative to charging EVs at utility stations. By partnering with Ample, Fisker joins the likes of rival EV maker Nio (NYSE: NIO) in employing battery swapping technology as an optional alternative to charging stations.

Long charging times that are common at most public and commercial charging stations pose a major hurdle to EV adoption.

Fisker added that the initial customer for Ample-powered EVs will be fleet operators who are looking to "transition to electric mobility without economic or operational compromises."

Ample aims to make its batteries and swapping process more widely available to different brands of carmakers.

Shares of FSR and NIO are down 4.77% and 4.55% in mid-day trading on Tuesday

By Michael Elkins | [email protected]

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