Fisker Inc., a company that describes itself as a designer and manufacturer of the "world’s most emotion-stirring, eco-friendly electric vehicles," has announced a memorandum of understanding with Foxconn to develop a new electric vehicle.
Codenamed "Project PEAR" — Personal Electric Automotive Revolution — the plan calls for Fisker and Foxconn to collaborate on a new vehicle. Foxconn hopes to make more than 250,000 Pears per year, with production starting as soon as Q4 2023. The vehicles will initially target markets in North America, Europe, China and India.
The vehicle will be the second introduced by the Fisker brand following the launch of the Ocean SUV in Q4 2022.
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