 Hello everybody in this video. What we're going to go through is some stock updates on Fisca, which is another electric car Company and we're going to go through some information on them in terms of some of the new updates and some of the news That's just come out which might impact the the well it will impact the The price on the stock market, so we're going to look at this and what is the new news? I've got to say that obviously. I'm not a financial adviser. I teach business in my daily life But I'm by no means an expert in the In the stock market, so we'll go through what is this new news with fixed Fisca? And I actually like this this this car company I think it's got a potentially a bright future ahead of it and there is there's a lot of positive news that have come Out recently about this company, which is which is good to see Okay, so we're going to look at that and we'll go through the information now I just want to say if you could leave the video like that be much appreciated It'll help it out by boosting up in the YouTube algorithm and if you can subscribe to the channel That'll also be brilliant. If you find this useful in any sort of way that'd be fantastic So just to go through this just to respect the time I'm going to keep the video short So Fisca has actually entered is going to enter the UK market market in 2023 So the US firm will open first showroom in London in 2022 Okay, so it makes makes the ocean electric SUV that's due to launch in 2022 And has announced plans to enter the UK market in 2023 So, you know, we are coming to the end here So we are going to end and you know go into 2021 soon So this, you know, it's not too far away and we're going to see a run up to the stock possibly as this as this comes You know even sooner Ultimately in that time when it does get to 2022 2023 We're going to be able to see figures in terms of sales figures in the UK to see how well this this brand's doing in the UK But this is ultimately a brand, you know They're trying to go global in the sense that they're trying to enter markets Not just in in terms of the US but also in the UK and probably across Europe as well So they're trying to enter into different markets so that they can then increase their sales Which is good for profitability And that is good for obviously at the stock price here. So this is huge news This is huge news, you know, the UK is a population of around 70 million people almost You know, we've got a lot of that kind of middle a lot of people in the middle Well, we've got a lot of working-class middle-class and and Obviously there so we've got a lot of a lot of buying power in the UK for this sort of vehicle in terms of the price point That it's that so he's he's he's good that they're trying to enter into new markets And this is just recently been announced And so just to read a bit favor on this the American startup fan headed by Danish engineer and entrepreneur Henrik Henrik Fisker will first set up its first consumer experience center in London in 2022 to allow potential buyers to get up close and personal With the with the models to help facilitate its asset light and digital forward business model Fisker has partnered with Cox auto motive UK and the rivers fleet solutions to live a range of After-sales service for the UK market. This includes vehicle services and maintenance Deliveries fleet management. So they're building these strategic partnerships as well Which is really important for the longevity of the business in terms of building a loyal customer base So yeah, we always talk about the you know, electric vehicles or hybrid vehicles You know and we talk about the product itself But also what year we need to think about is the after-service as well What is the after service of after-sales service of buying after buying the car? What is that inform it? What is you know, what what do they offer in that regard? The UK said to be one of the first countries outside of the US where the ocean will be sold And he said in creating Fisker as a company focused on both products and under experience breakthroughs Partnership with the world's leading service providers are essential element to delivering that vision with that recent UK government Announcements related to electric vehicles We believe Fisker will be well placed and well timed to make significant progress in the important market Okay, so it intends to launch this Model in the UK soon So it intends to launch the ocean a seven-seater SUV to rival a Tesla Model Y so it actually promises a 300 miles a range of 300 miles and European example include the center the UK will be built by Magna Automotive although not confirmed that will be As its main production hub there So there is information there in terms of they're trying to build expansion here now This is a more of a long-term stock if you was to get into this stock. I'm going to make a Really detailed visit video about Fisker So if that's something that might interest you there, then please subscribe to the channel just for this video I wanted to go through just some of the main news Okay And as we continue here so Fisker to partner with Cox Automotive and Riviers for delivery service in fleet management and reselling programs in the United Kingdom Okay, so again just another source here So Fisker is getting some positive kind of news attention at the minute We are going to see a bump in the share price Temporarily probably not going to be by a huge amount But it will bump in price a decent amount be based upon this positive news So there is a bit of a short-term player here But in terms of the longer term prospects, I think really this is a really good long-term prospects In terms of what they do in the cars that look really nice actually I think and there's a lot of potential In terms of the business model in terms of the industry that it's in as well So this is the share price at the moment. So it's at 1730 USD and at the pre-market It's gone up to 1745 Okay, so it's up a little bit based upon just the recent news that's come out as well So the stock is moving upwards in an upward track trajectory Which is great to see So and so it's good that all this positive news is coming out about this company at the minute And so that's all I wanted to do in this video just to respect your time. Keep it short and sweet But if you are interested in any more updates on stocks or any more Like going over stock analysis and looking at specific stocks in detail in a presentation format If any of that sort of interest you then please subscribe to the channel hit the thumbs up on the video so that we can reach that higher YouTube algorithm and thanks to anybody who's supporting the channel right now as Early supporters of this small channel, you know, I'll remember your support in the early days as we get going with this channel Thank you very much for everybody who keeps watching and liking the videos and subscribing much appreciated I'll see you everybody in the next video