Fisker and Foxconn have signed a memorandum of understanding that is set to pave the way for a “breakthrough electric vehicle.”
Codenamed Project PEAR, for Personal Electric Automotive Revolution, the mysterious model will be a “new segment vehicle” that is jointly developed by both companies.
Foxconn will be responsible for building the vehicle and production is slated to begin in the fourth quarter of 2023. The model will be sold in major markets – including China, North America, Europe and India – and Foxconn is slated to build more than 250,000 units annually.
Also Read: iPhone Builder Foxconn Unveils EV Platform, Wants To Become The Android Of EVs
Fisker Ocean concept
While little is known about Project PEAR at this point, Henrik Fisker said the partnership will spawn 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.”
That isn’t much to go on, but the companies released a sketch which “hints at the direction we are taking.” Unfortunately, there isn’t much to see other than a rakish windscreen, a gently sloping roof and a concave rear end. Fisker also cautioned, “It might be too futuristic for some!”
The model will arrive approximately one year after the Fisker Ocean and the company reiterated plans to show a production-intent prototype later this year. Fisker also noted interest in the electric crossover is building at an “encouraging pace” as more than 12,000 paid reservations have been made globally.
