Sanctuary AI announced that it will be delivering its humanoid robot to a Magna manufacturing facility.
As is often the nature of these deals, the parties have not disclosed how many of Sanctuary AI’s robots will be deployed.
The news follows similar deals announced by Figure and Apptronik, which are piloting their own humanoid systems with BMW and Mercedes, respectively.
For its part, Magna invested in Sanctuary AI back in 2021 — right around the time Elon Musk announced plans to build a humanoid robot to work in Tesla factories.
The company would later dub the system “Optimus.” Vancouver-based Sanctuary unveiled its own system, Phoenix, back in May of last year.
EV startup Fisker is pausing production of its electric Ocean SUV for six weeks as it scrambles for a cash infusion.
The company said in a Monday morning regulatory filing that it had just $121 million in cash and cash equivalents as of March 15th, $32 million of which is restricted or not immediately accessible.
Fisker finished 2023 having shipped roughly 5,000 of the 10,000 cars that its contract manufacturing partner, Magna Steyr, produced.
Automotive manufacturing is incredibly expensive, even for a company like Fisker which is outsourcing much of the work to suppliers like Magna.
In the near-term, Fisker said Monday it is trying to raise $150 million through the sale of convertible notes.
Fisker remains far from meeting CEO and founder Henrik Fisker’s publicly stated goal of delivering 300 electric SUVs per day globally, according to internal documents viewed by TechCrunch.
The EV startup spent much of December aiming to meet an internal sales goal of between 100 and 200 vehicles a day in North America, where the bulk of its inventory and sales efforts are.
Fisker is delivering its SUVs in a number of European countries, and contract manufacturer Magna Steyr builds them in Austria.
Henrik Fisker told The Wall Street Journal on Thursday that the lack of a physical footprint has harmed sales here.
The slow pace of deliveries has widened the gulf between the amount of Fisker Ocean SUVs being produced by Magna and the number sold.
