Fisker has announced that its European headquarters will be established in Munich, Germany, 314 kilometers (195 miles) from the Ocean SUV’s manufacturing site in Graz, Austria.

Named ‘Matrix’, Fisker’s European head office was chosen because it offers “convenient access to key European EV markets and close proximity to Magna’s Graz facility in Austria”.

The news follows the announcement regarding Fisker’s new global HQ, named ‘Inception’, which will be located in Manhattan Beach, California. It also comes shortly after the confirmation of the strategic cooperation with Magna International supporting the co-development and manufacture of the Fisker Ocean SUV.

See Also: Fisker Ocean Teased In Production Form, Will Debut At 2021 LA Auto Show

“Munich has long been a major global hub for the automotive industry. Locating our regional headquarters in Southern Germany will enable us to make a fast and efficient start to building our sales and distribution operations across Europe,” said Henrik Fisker, chairman, and chief executive officer of Fisker. “Easy access to both the Autobahn network and alpine roads was also a consideration for validating our vehicle performance targets.”

Earlier this month, Fisker confirmed the signing of a significant vehicle order for 300 units with Viggo, a Danish ride-hailing service.

Fisker has also used the occasion to announce progress on the overall Ocean SUV program. More specifically, work on the advanced drivetrain is underway through a dedicated powertrain engineering team. The company also says its software designers and engineers are now running simulations for the Ocean SUV’s Human Machine Interface (HMI), as well as related User Interface (UI) and User Experience (UX) systems.

Fisker aims to bring its all-electric SUV to customers in Europe in Q4 2022 and open the first consumer experience center in Q4 2021, also in Munich.