C O M P A N Y O V E R V I E W

D E C E M B E R 2 0 2 0

2

3

4

5

6

7

9

5

3

6

2

4

7

1

8

10

11

13

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14

(1) Pivet provides end-to-end vehicle services via an integrated partner network comprised of vehicle service providers, including Manheim and other Cox Automotive service locations, franchise and independent dealers and independent service providers.

(2) Representative sampling of Pivet and Cox Automotive capabilities.

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San Francisco

Sacramento

Portland

Seattle

San JoseFresno

Los Angeles

San Diego

Denver

ChicagoBoston

New York

Philadelphia

Washington

Raleigh

Houston

Miami

15Source: Electrify AmericaNote: Investment plan through 2027

$80 K

$75 K

$70 K

$70 K

$68 K

$66 K

$60 K

$60 K

$45 K

$45 K

$40 K

$40 K

$37 K

$37 K

$35 K

$170 K

$95 K

$85 K

$90 K

$88 K

$85 K

$80 K

$71 K

$62 K

$65 K

$50 K

$60 K

$47 K

$70 K

$45 K

Lucid Air

Macan EV

Jaguar I-PACE

Rivian R1S

M-B EQC

Audi e-tron

Cadillac Lyriq

Polestar 2

Ford Mach-E

Tesla Model Y

Nissan Ariya

Chevy Bolt EUV

Hyundai Kona

FISKER OCEAN

VW ID.4

$45 K

$44 K

$44 K

$44 K

$43 K

$41 K

$37 K

$63 K

$73 K

$88 K

$68 K

$73 K

$90 K

$70 K

Lexus RX

Audi Q5

BMW X3

Cadillac XT5

MercedesGLC

Alfa-RomeoStelvio

OCEAN

17

18

19

20

21

23

24

25

26

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27

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•

•

28

29

30

32

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33

2023 2024 2025

Fisker

FM29

Platform

Fisker

Platform 2

(TBD)

SUV (OCEAN)

34

($8,000)

($29,000)

$39,000

$2,000

Approximate Sales Price Approximate Bill of Materials Assembly, Shipping and Logisitics,Warranty and Tariffs

Gross Profit

35

36