Fisker and Foxconn Set to Collaborate on Global EV project

Fisker, the California-based designer and manufacturer of electric vehicles and advanced mobility solutions, has entered into a MOU with Hon Hai Technology Group to develop an electric vehicle.

The Hon Hai Technology Group is better known as Foxconn, and the Taiwan-based company is the world’s largest electronics manufacturer, as well as a leading technological solution provider.

The collaborative project is codenamed ‘Project PEAR’ (Personal Electric Automotive Revolution) and it certainly is ambitious in its scope. In a press release, Fisker said that Foxconn would look to manufacture the proposed vehicle at ‘projected annual volumes of more than 250,000’, and that start of production would be in the fourth quarter of 2023.

Fisker itself is already on the way to manufacturing its first EV – the Ocean SUV. Its launch is expected in 2022 and the company says it already has more than 12,000 global paid reservations.

“We created our company to disrupt every convention in the auto industry,” said Fisker Chairman and Chief Executive Officer, Henrik Fisker. “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 value for money, whilst delivering on our commitment to create the world’s most sustainable vehicles.”

Source: Motor Trader e-Magazine (March 2021)

23 March 2021

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