Henrik Fisker has revealed that his namesake EV manufacturer could start production of its forthcoming PEAR vehicle at the same factory as the Lordstown Endurance.
The PEAR, which stands for Personal Electric Automotive Revolution, will be built by Taiwanese technology company Foxconn. That is the same company that recently announced it will purchase GM’s former factory in Lordstown, Ohio from Lordstown Motors for the sum of $230 million. It will also handle the production of the electric Lordstown Endurance pickup truck as part of the deal.
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While recently speaking with Morning Journal, Henrik Fisker revealed that if the PEAR is built in the same factory as the Endurance, it will need a dedicated production line.
“If Foxconn ends up acquiring Lordstown and if the deal closes, it’s our intent to make the PEAR with Foxconn in Lordstown,” he said. “We would need to build our own general assembly and probably our own assembly line, etc., and also because it’s much higher volume, I don’t know what theirs is, but I think it’s less than 100,000. If you’re building 250,000-300,000 vehicles of the PEAR, it’s going to run full-speed.”
Fisker didn’t say just how much the carmaker and Foxconn may need to spend to retool the facility to handle production of the PEAR. He did note that the two companies will share investments and profits. Lordstown and Fisker could also share certain areas of the factory, such as inbound logistics and a paint booth.
The EV startup had originally planned to build the PEAR at a new factory with Foxconn with an initial target of 150,000 to 250,000 vehicles annually. However, the Lordstown site already has the ability to produce 400,000 vehicles a year and with Lordstown Motors currently using just 30 percent of the site, there’s plenty of room for Fisker to be housed under the same roof.
