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Fisker and Foxconn reach agreement to build $29,900 PEAR EV project in Ohio

Fisker on Thursday announced it will supply an electric vehicle from a former General Motors plant in Lordstown, Ohio, acquired last fall. by Taiwanese contract manufacturer Foxconn—Yes, the same company makes iPhones for Apple.

The vehicle in question is an urban vehicle codenamed Project PEAR, which Fisker plans to launch in 2024 with a starting price of $29,900. The company sets an annual production target of 250,000 units for the EV.

Fisker first hinted at building PEAR under contract at the Lordstown plant last fall, but the plan has always depended on Foxconn’s successful acquisition of the Lordstown plant from the struggling EV startup. Lordstown Motors, the company that originally bought the plant from GM. Under a separate agreement reached with Lordstown Motors, Foxconn will also Build Lordstown Motors’ Endurance pickup truck contract at the factory.

PEAR will be Fisker’s second vehicle. First is 2023 The ocean crosses the sea Production is expected to begin this fall. The Ocean’s production has been outsourced to Magna Steyr of Austria.

2023 Fisker Ocean

2023 Fisker Ocean

PEAR’s codename stands for Personal Electric Automotive Revolution, and Fisker has described the vehicle as an “agile urban EV”. It will be about 177 inches long, or slightly shorter than compact EVs like the Hyundai Ioniq 5 and Volkswagen ID.4, and can seat five. Fisker also says the car will feature intuitive controls, sporty driving characteristics and “a focus on industry firsts”.

Fisker said PEAR will run on a new platform, although one is believed to be derived from the modular platform originally developed by Foxconn. Fisker says the platform will underpin two more models beyond PEAR. The Ocean uses a unique platform taken from Magna Steyr.

“The PEAR will be a revolutionary electric vehicle that will not be suitable for any current segment,” Henrik Fisker, President, CEO and Founder of Fisker, said in a statement.

Fisker is known to be working on at least two additional cars, although these are high-end cars with limited production runs. One is a sports car codenamed Ronin, a trailer for was previously released in May. The other is believed to be an SUV.

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