Fisker launches in 3 new European markets, with deliveries expected in September

Shares of Fisker Inc.
FSR,

rose 1.2% in premarket trading Monday, after the electric vehicle maker announced launches in three new markets in Europe. The company said it plans to establish retail locations and delivery and service centers in Belgium, the Netherlands and Switzerland, with deliveries expected to begin in those markets by the end of September. The company already has a presence in Europe, as it has previously launched in Austria, Denmark, France, Germany, Norway, Sweden and the United Kingdom. “Ultimately, we want to sell our vehicles all over the world, but creating a strong early presence in Europe has always been one of our highest priorities,” said Chief Executive Henrik Fisker. The stock has dropped 9.8% over the past three months through Friday, while the S&P 500
SPX,
+0.67%
has gained 4.8%.