... [+]Fisker Inc., the Los Angeles-based electric vehicle startup led by auto designer Henrik Fisker, is forming a partnership with mass-production giant Foxconn to build a new electric vehicle the companies are developing together.
The model, dubbed Project PEAR , is some type of crossover, based on an early design Fisker shared on Tuesday and could go into production as early as the fourth quarter of 2023. Foxconn will build up to 250,000 units of the vehicle that will be sold in North America, Europe and China, Fisker said in a statement.
Financial details of the project and an estimated price for the future vehicle weren’t initially available. “The creation of Project PEAR with Foxconn brings together two like-minded and complementary companies, each focused on creating new value in a traditional industry,” Fisker Chairman and CEO Henrik Fisker said. “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.
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