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Foxconn to manufacture the vehicle at projected annual volumes of more than 250,000.
Global market scope – including North America, Europe, China, and India.
The projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022.
This collaboration between Fisker and Foxconn aims to revolutionise the automotive industry model by introducing further ICT capabilities, helping manufacturers accelerate the transition to new manufacturing processes and business models. Fisker Chairman and CEO, Henrik Fisker, had this to say:
We created our company to disrupt every convention in the auto industry. The creation of Project PEAR with Foxconn brings together two likeminded and complementary companies, each focused on creating new value in a traditional industry. We will create a vehicle that crosses social borders, while offering a combination of advanced technology, desirable design, innovation and
Fisker and Foxconn team on new EV with outsized ambitions
Chris Davies - Feb 24, 2021, 8:47am CST
Fisker and Foxconn are teaming up on an an electric vehicle, with the EV-company and the manufacturing heavyweight aiming for go far beyond the niche production in the automaker’s past. Codenamed Project PEAR – or “Personal Electric Automotive Revolution” – the goal is to make a more affordable EV that can hit the sort of sales numbers more commonplace among mainstream gas models.
Fisker is probably best known for its role in the style-forward Karma hybrid sedan, a project now being run independently by Karma Automotive. Plans rebooted, Fisker first unveiled the EMotion EV back in 2018, a striking luxury electric sedan with double-gullwing doors.
The manufacturers will preserve their separate corporate structures while cooperating more closely on electrification, software and autonomous-driving technology
Fisker Inc. has entered into a MOU with Hon Hai Technology Group (Foxconn) supporting a project to develop a breakthrough electric vehicle. Highlights of the proposed collaboration, codenamed “Project PEAR” (Personal Electric Automotive Revolution): Fisker and Foxconn to jointly develop a breakthrough new segment vehicle. Foxconn to manufacture the vehicle.