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Fisker Inc.<\/a>\u00a0is in talks with Japan\u2019s\u00a0Nissan Motor Co.<\/a>, people familiar with the matter said Friday, as the electric vehicle maker seeks a lifeline from liquidity challenges that have put its survival in doubt.<\/p>\n The development comes a day after Chief Executive Officer\u00a0Henrik Fisker\u00a0said his eponymous company is discussing a capital infusion from a rival carmaker and issued a going-concern warning. It\u2019s the latest sign of stress in an electric vehicle market plagued by slowing growth and questions over consumer demand.<\/p>\n Fisker, which plans to cut 15% of its workforce, reported weaker-than-expected earnings results Thursday as it struggles with\u00a0production issues<\/a>,\u00a0technical glitches<\/a>\u00a0and\u00a0criticism<\/a>\u00a0from short sellers. EV makers of all sizes are also grappling with an industrywide slowdown in sales growth as consumer demand wanes.<\/p>\n Nissan<\/a> may invest as much as $400 million in Fisker\u2019s truck platform and building a planned pickup starting in 2026 at one of its US assembly plants, Reuters reported earlier Friday.<\/p>\n Word of a potential rescue from Nissan stemmed losses in Fisker\u2019s shares, which had plunged as much as 48% in early trading. The stock closed down 34% in regular New York trading to a record low of 48 cents. It had fallen 76% last year and trades well below its 2021 peak.<\/p>\n The company said in a\u00a0statement<\/a>\u00a0Thursday that its current capital may not be enough to sustain it over the next 12 months without additional funds. It reported cash and equivalents of $325.5 million as of Dec. 31, well below a $502.3 million average analyst estimates compiled by Bloomberg.<\/p>\n With the capital challenges, Fisker said, there is \u201csubstantial doubt about its ability to continue as a going concern.\u201d<\/p>\n Fisker estimates it has about $500 million split between its vehicle and parts inventories, with current sales generating more cash.<\/p>\n It recorded $200.1 million in fourth-quarter sales, short of analyst estimates for $272.9 million. The company projected deliveries of between 20,000 and 22,000 EVs this year. It delivered 4,929 for all of 2023.<\/p>\n \u2014 With assistance from Chester Dawson<\/em><\/p>\n<\/div>\n\nSubscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up<\/a> for free.<\/div>\n<\/div>\n