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Hon Hai teams up with U S firm Fisker to develop electric vehicles

Taipei, Feb. 24 (CNA) Hon Hai Precision Industry Co., the world's largest contract electronics maker, announced Wednesday that it has signed a memorandum of understanding with Fisker Inc., a U.S. electric vehicle (EV) maker, to build a new EV model under the Fisker brand, with the goal of starting mass production by the fourth quarter of 2023.

Apple partner Foxconn to work with Fisker to produce electric vehicles by 2023 - General Discussion Discussions on AppleInsider Forums

Apple supplier Foxconn ties up with Fisker for EV production

Fisker s shares jumped 23.4% to $20.10 in premarket trading. Project PEAR (Personal Electric Automotive Revolution), is looking at markets globally including North America, Europe, China and India Foxconn aims to provide components or services to 10% of the world`s EVs by 2025-2027 Electric-car maker Fisker Inc said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year from late 2023, jumpstarting its shares on Wednesday (February 24). Fisker s shares jumped 23.4% to $20.10 in premarket trading. The deal, codenamed Project PEAR (Personal Electric Automotive Revolution), is looking at markets globally including North America, Europe, China and India, Fisker said. Foxconn, Apple s main iPhone maker, has ramped up its interest in electric vehicles (EVs) over the past year or so, announcing deals with Chinese electric-car maker Byton and automaker Zhejiang Geely Holding Group.

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