Fisker, Foxconn Firm Up Plan For Sub-$30,000 EV, Target U.S. Production By Late 2023

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Fisker Inc. has firmed up plans to produce a mass-market EV with manufacturing giant Foxconn and start building it in the U.S. by late 2023

Fisker Inc., the Los Angeles-based electric vehicle startup led by auto designer Henrik Fisker, has firmed up plans to produce a mass-market EV with manufacturing giant Foxconn and start building it in the U.S. by late 2023–potentially at Foxconn’s underutilized industrial site in Wisconsin.

The PEAR vehicle, which Fisker hasn’t yet revealed a design for, is the second vehicle coming from the company that recently listed shares via a SPAC merger. Its electric Ocean crossover, starting at about $38,000 goes into production in 2022 as part of a separate partnership with auto-engineering and manufacturing powerhouse Magna Inc.

“We'll spend the next couple of months with Foxconn to go through, in a diligent way, which state would be the right state, but obviously Foxconn has the site in Wisconsin. So that's, of course, part of the final list,” he said. “I think we're down to four including that Wisconsin site. … But one thing's 100% for sure will be started in the U.S.”

Fisker and Foconn said they’ve already set up a joint office to manage the program to coordinate design, engineering, purchasing and manufacturing operations.

 

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Just wait until they don’t come anywhere near their promised jobs numbers and leave local communities stuck with infrastructure improvement costs - See also Wisconsin

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