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Fisker Signs EV Manufacturing Deal With Foxconn

TheMotleyFool

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Fisker Signs EV Manufacturing Deal With FoxconnPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

Fisker (NYSE: FSR), the ambitious design-centered electric vehicle (EV) company, has a new manufacturing partner. The carmaker has signed framework agreements with veteran tech manufacturer Hon Hai Precision Industry (OTC: HNHPF), better known as Foxconn, to collaborate on the development and production involved with its Project PEAR.

PEAR stands for Personal Electric Automotive Revolution, which Fisker describes grandly as "a program to develop a new breakthrough electric vehicle."

A Fisker Ocean SUV. Image source: Fisker.

Source Fool.com

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