iPhone Assembler Foxconn to Build Cars for US' Fisker
Zhang Yushuo
iPhone Assembler Foxconn to Build Cars for US' Fisker
(Yicai Global) Feb. 25 -- Taiwan’s Hon Hai Technology Group, better known as Foxconn, will make cars for US new energy vehicle manufacturer Fisker as the Apple contractor diversifies beyond smartphones.
The project, codenamed PEAR for Personal Electric Automotive Revolution, will start production at the end of 2023, the two parties said today. Taipei-based Foxconn will produce over 250,000 vehicles a year and they will be sold across the world including North America, Europe, China and India.
“The Fisker and Foxconn partnership brings together two global leaders in innovation that will join forces to unlock the potential of the electric vehicle industry,” said Foxconn Chairman Liu Young-way. “The collaboration between our firms means that it will only take 24 months to produce the next Fisker vehicle – from research and development to production, reducing by half the traditional time required to bring a new vehicle to market.”