Apple partner Foxconn might build Fisker electric car for global markets

Apple partner Foxconn might build Fisker electric car

Apple contract manufacturer Foxconn is working with Fisker Inc., a partnership that the Taiwanese firm was able to develop Fisker electric cars for global markets starting in 2023.

On Wednesday, the two companies announced a Memorandum of Understanding for the Jointly Formed “Global Electric Vehicle Project” to be built by Foxconn, according to Fisker’s press release.

The development of the unnamed EV is expected to begin in Q4 2023, with an annual volume of 250,000 units. Fisker said that the new model would target global markets, including North America, Europe, China and India.

This will be Fisker’s second model, following the Ocean SUV, to be designed by Magna in Europe. The company already has a contract to produce Jaguar I-Pace, as well as BMW Z4 and Toyota Supra sports cars. After talks with Volkswagen, Fisker moved to the Magna platform for the car to use the MEB automaker platform.

Fisker revealed the Ocean at the Consumer Electronics Show in 2020—a long time before the contract manufacturer was secured. At the point, it quoted a base price of $37,499, which means that the Ocean would cost about $30,000 after the $7,500 federal EV tax credit.

Fisker has been making reservations for the Ocean since November 2019, and was made public by a reverse merger of the Special Purpose Acquisition Company (SPAC) in October 2020, but has not yet shipped a single car to the customer.

In addition to the Ocean, a super-efficient “radical” pick-up truck is likely to arrive at the end of 2023, Fisker said, but it is not clear if the EV co-developed with Foxconn replaces that project.

Foxconn seems ready to join the automotive market. It recently unveiled a full EV network, and has already associated itself with another startup—Chinese company Byton. Will you buy a car from a company better known for making iPhones?

For more news and updates, visit WHEELive.

Cedric Brian Regis

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