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Fisker and Foxconn sign deal to build electric vehicles
Electric car startup Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new electric vehicle. Production on the car, which will be sold under the Fisker brand name in North America, Europe, China and India, will begin in the U.S. by the end of 2023. Numerous details, including the type of car and the location of future manufacturing plants, have not been disclosed by the two companies.
Fisker is calling the joint program Project PEAR, which stands for Personal Electric Automotive Revolution. Fisker chairman and CEO Henrik Fisker has bragged that the PEAR vehicle will be the “next big thing in car design,” a car that’s both “emotionally desirable” and “eco-friendly.” Fisker did not respond to requests for more information on the design of the vehicle.
Fisker and Taiwan s Foxconn to build electric cars in US
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14/05/2021 - 08:54 Fisker is one of a host of US-based electronic car startups hoping to one day challenge Tesla s supremacy FABRICE COFFRINI AFP/File 3 min
Taipei (AFP)
Taiwanese tech giant Foxconn announced Friday it has teamed up with American electric car startup Fisker to build a factory in the United States with a goal to start producing vehicles in late 2023.
The companies said in a joint statement that they have signed framework agreements to jointly develop a new breakthrough electric vehicle that would be at the more affordable end of the market.
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DETROIT (Reuters) - Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday.
FILE PHOTO: Henrik Fisker, CEO of Fisker Inc, speaks during the Chicago Auto Show, February 7, 2013. REUTERS/John Gress/File Photo
The plant’s location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn’s plant site in Wisconsin. Foxconn Chairman Liu Young-way previously said electric vehicles (EVs) have a “promising future” in Wisconsin but did not elaborate.