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Henrik Fisker believes he can build an entry-level electric vehicle that will sell for around $40,000.

The former BMW and Aston Martin designer said the proposed vehicle will eventually sit below the EMotion in the brand’s hierarchy, along with Orbit, the self-driving city shuttle. Production has yet to begin on either Orbit or EMotion, but Fisker says progress is already being made, despite the small size of his company.

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Fisker Wants To Take On The Model 3 With A $40,000 EV Of Their Own

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