The car was built on the meb platform at the 2020 consumer electronics show. It is in talks with the German automaker to power its first SUV with Volkswagen’s’meb’ platform.

Fisker Inc plans to merge with Spartan energy acquisition Corporation, which was formed by investment firm Apollo global management. The startup formally announced on Monday that it plans to become a publicly traded company on the New York Stock Exchange.

Volkswagen announced the meb platform in 2018 as part of its multibillion-dollar push into electric vehicles. It consists of a modular battery pack that can scale to fit different sized vehicles, a motor, and other electronics. It will also power certain vehicles from Volkswagen group brands like Audi, seat, and skoda.

The first attempt, with Germany’s e.go mobile, fell apart after the small startup became insolvent. Volkswagen has said it plans to sell access to meb, an idea that already attracted Ford.

The carmaker’s ocean SUV was built by Volkswagen subsidiary italdesign. The carmaker is now considering working with Fisker Inc..

The Audi subsidiary italdesign has used the meb platform as the basis for the development of the Fisker ocean SUV. A final decision has not yet been made about a possible cooperation with Fisker to implement a series project.

A spokesperson for Fisker Inc. declined to comment on the spokesperson. The spokesperson for the Fisker Inc. declines to comment.

Henrik Fisker Inc. was founded in 2016. He claims he was developing a solid-state battery that would last longer than the lithium-ion batteries that power modern electric vehicles.

The ocean is a subscription-only SUV that would be powered by lithium-ion batteries. Fisker’s plans for the battery slipped further into the future.

Using the meb platform will make it possible to bring the ocean to market in’half of the time and with costs substantially reduced’.

The agreement would finalize costs, production capacity, and a timeline is expected to be signed in July 2020. If that are reached, Fisker Inc. anticipates building 50 to 100 pre-production cars by the end of 2021 and starting production by 2022.

Electric vehicle startups have burned through billions of dollars in an attempt to become the next Tesla. Many of them designed their own electric vehicle architecture along the way with the goal of either licensing that technology to other companies or attracting a buyer from the tech industry.

rivian is building vehicles for Amazon and Ford based on its EV platform in return for billions of dollars of investment. rivian, which is building cars for Amazon, Ford and Amazon, is the most obvious exception.