# Fisker formalizes strategic cooperation agreement with Magna Steyr

Fisker Automotive has formalized its partnership with Magna Steyr Fahrzeugtechnik for production of the Ocean electric SUV. Fisker will leverage Magna's FM29 EV platform and issue Magna warrants to acquire up to 6% of common shares in the combined company.

- Type: Partnership
- Announced: 2026-11-05
- Where: Austria
- Status: announced
- Products: Ocean electric SUV
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fisker Automotive](https://endata.com/companies/16094.md)
- [Magna Steyr Fahrzeugtechnik](https://endata.com/companies/16095.md) (partner)

## Sources

- [yitit.com](https://www.yitit.com/fisker-has-formalized-its-strategic-cooperation-agreement-with-magna-steyr-prompting-a-modest-surge-in-the-shares-of-spartan-energy-acquisition-spaq-10092.htm), 2026-11-05: "Fisker will leverage Magna Steyr's FM29 EV platform to deliver class-leading range, interior space with third-row seating and overall vehicle performance."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.