By mmillikin 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 at projected annual volumes of more than 250,000.
Global market scope – including North America, Europe, China, and India.
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.
The Fisker and Foxconn partnership brings together two
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