Fisker and Foxconn sign framework agreements for Project PEA

Fisker and Foxconn sign framework agreements for Project PEAR; new FP28 platform


Fisker and Foxconn sign framework agreements for Project PEAR; new FP28 platform
Fisker Inc. has signed framework agreements with Hon Hai Technology Group (Foxconn) supporting joint development and manufacturing related to Project PEAR (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle. (Earlier post.)
Under the agreements, Fisker and Foxconn will jointly invest into Project PEAR, with each company taking proceeds from the successful delivery of the program. Fisker will work with Foxconn on a new lightweight platform designated FP28, leveraging technological expertise from each company to support Project PEAR and potential future vehicles.
In order to deliver on our promise of product breakthroughs from Project PEAR, we needed to rethink every aspect of product development, sourcing, and manufacturing. Our partnership with Foxconn enables us to deliver those industry firsts at a price point that truly opens up electric mobility to the mass market.

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