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Taiwan's Foxconn discussing electric vehicle plant in Wisconsin

TAIPEI — Taiwan's Foxconn said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc supplier's push to diversify income streams. Foxconn and electric car manufacturer Fisker Inc said in May that they had finalized a vehicle-assembly deal. They did not identify a location, but Fisker's CEO said Foxconn's Wisconsin site was a possibility. In a statement, Foxconn said it had begun discussions with Wisconsin. "Foxconn has engaged the Wisconsin Economic Development Corporation to discuss the company's plans for electric vehicle manufacturing. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions," it added. The company, formally called Hon Hai Precision Industry, gave no further details. In April, Foxconn drastically scaled back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called "the eighth wonder of the world" and was supposed to build cutting-edge flat-panel display screens. A month earlier, Foxconn's chairman said it may make EVs at the Wisconsin site, though could decide on Mexico, and would make a decision this year. Over the past year or so Foxconn has announced several deals on the production of EVs with automakers including Fisker, China's Byton and Zhejiang Geely Holding Group, and Stellantis NV's Fiat Chrysler unit. Foxconn aims to provide components or services to 10% of the world's EVs by 2025 to 2027, posing a threat to established automakers by allowing technology companies a shortcut to competing in the vehicle market. (Reporting by Ben Blanchard; Editing by David Goodman and David Evans) Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green Plants/Manufacturing Fisker Electric Wisconsin Foxconn

Fisker announces plans to build an electric pop-up Popemobile

Resurrected EV builder Fisker announced early Friday that it plans to build an electric Popemobile for Pope Francis based on its forthcoming Ocean EV. Fisker says it will deliver what it is calling the first all-electric papal transport vehicle next year ahead of starting series production of the Ocean. Fisker says company representatives pitched the idea to the Holy See in a private audience on Thursday. The announcement comes just days after a Biden administration official indicated that electrification of the presidential limousine dubbed "The Beast" is under consideration.  The presentation to His Holiness included the design sketch and renderings above. They're a bit on the quick-and-dirty side, but check out photoshopped Pope Francis in his little pop-up (Pope-up?) roof bubble thingy. D'aww.  "I got inspired reading that Pope Francis is very considerate about the environment and the impact of climate change for future generations," Henrik Fisker said in the announcement. "The interior of the Fisker Ocean papal transport will contain a variety of sustainable materials, including carpets made from recycled plastic bottles from the ocean." For now, this is a one-and-done project; Fisker did not announce plans to supply any additional EVs to the papal fleet. Hey, beats a Dacia Duster, right? 

Fisker signs deal with Foxconn to build EVs in U.S. in 2023

Henrik Fisker (Reuters)   DETROIT — Electric car maker Fisker has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant's location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn's plant site in Wisconsin. Foxconn Chairman Liu Young-way previously said electric vehicles (EVs) have a "promising future" in Wisconsin but did not elaborate. The annual capacity for the U.S. plant will be at least 150,000 vehicles to start, Fisker said. "When you look back at recent history and new technology products, they have been launched in the U.S. first," Fisker said in an interview. "That's why we want to launch here." He expects the U.S. market initially to be the biggest for the vehicle. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker also cited access to Foxconn's supply chain, including semiconductor chips, as an advantage of the partnership. Fisker is one of a handful of EV startups that have gone public through a reverse merger with a special-purpose acquisition company (SPAC) at a time when U.S. President Joe Biden has called for $174 billion in new spending to boost EVs and charging. Under the Fisker deal, the companies will jointly invest in "Project PEAR" (Personal Electric Automotive Revolution) and share in any profit. The companies reaffirmed Foxconn will eventually build more than 250,000 vehicles a year for Fisker across multiple sites, with initial production beginning at its U.S. plant in late 2023 which it announced in February. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. "We have world-class supply chains in place to support Project PEAR — in particular, securing the reliable delivery of chipsets and semiconductors," Liu said in a statement. The vehicle type has not been identified by Fisker, but will be based on a new lightweight platform — FP28 — designed by both companies. The five-passenger vehicle, which will be sold globally and is the second model under development, will have a starting price below $30,000 before incentives. Fisker said the vehicle would be described by some as a crossover. Terms of the deal, which runs seven years, were not disclosed.

Fisker abandons solid-state EV batteries

Henrik Fisker's eponymous electric car startup has abandoned plans to develop solid-state battery technology, citing its lack of near-term viability (among other complications) in an interview with The Verge.  Fisker said the company felt it was "90 percent there" on solid state tech, but that the final 10% proved too challenging given the constraints of current technology. He feels the move to solid state battery composition will require a significant breakthrough followed by years of development.  "I think personally, they’re at least seven years out, if not more, in terms of any sort of high-volume format," he said. "... once you have a breakthrough in that technology, you need probably three years to set up high-volume manufacturing, and then you need another three years to do durability testing. So even if somebody invented it today, it would be at least probably six years out." "[W]e have completely dropped solid-state batteries at this point in time because we just donÂ’t see it materializing," Fisker said. "Would we do something in the future? If we do, it would be something completely new, and we obviously have a battery team thatÂ’s looking at the current technology thatÂ’s here. But the solid-state battery that we worked on, that just doesn't have a future at this point in time in the near future." As to whether Fisker's abandonment of solid-state tech had anything to do with the company settling a lawsuit brought by QuantumScape, Fisker cited the settlement's non-disclosure clause and nothing more. Fisker has shied away from promoting solid state battery development since the introduction of its production-intent Ocean electric SUV, which is going to be produced in partnership with automotive supplier Magna.  Meanwhile, others in the industry remain committed to solid-state battery tech, at least for the time being. Toyota said just months ago that it intends to introduce a solid-state prototype some time in 2021, with production viability coming as soon as 2025. That would be sooner than Fisker predicted, but not outrageously so, and if anybody has the resources to rapidly develop next-generation automotive powertrains, it's Toyota.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker Emotion | CES 2018

Fisker to team up with Apple supplier Foxconn to build future EV

Electric-car maker Fisker Inc said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year from late 2023. This would be the second upcoming new Fisker vehicle, after the Ocean electric SUV, and would be jointly developed with Foxconn. Fisker’s shares jumped 23.4% to $20.10 in premarket trading on Wednesday. The deal, codenamed “Project PEAR” (Personal Electric Automotive Revolution), is looking at markets globally including North America, Europe, China and India, Fisker said. Foxconn, AppleÂ’s main iPhone maker, has ramped up its interest in electric vehicles (EVs) over the past year or so. Foxconn has recently announced deals with Chinese electric-car maker Byton and automaker Zhejiang Geely Holding Group. Foxconn aims to provide components or services to 10% of the worldÂ’s EVs by 2025-2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said in October. The Taiwan-based companyÂ’s approach poses a major threat to established automakers that technology companies such as Apple and other non-traditional players could use contract assemblers as a shortcut to competing in the vehicle market. The EV space has been booming, with Tesla Inc still being the market leader. This week luxury electric-car maker Lucid Motors announced plans to go public by merging with a blank check company, even before regular production of its first model has begun. The recent run-up in valuations of several EV startups, including Nikola Corp and Lordstown Motors Corp, that have yet to produce saleable vehicles or meaningful revenue, has drawn comparisons to the dotcom bubble of 1999-2000, with analysts and investors expecting a near-term correction. Fisker said last year that Canadian auto supplier Magna International Inc would initially manufacture its first vehicle, the Ocean SUV, in Europe. The production is expected to start in the fourth quarter of 2022.

Fisker electric pickup truck previewed in rendering

Fisker CEO and car designer Henrik Fisker has posted an illustration of an electric pickup, promising class-leading efficiency and radical design. The rendered truck features muscular flared fenders, a rooftop spoiler that doubles as a center high-mount stop light (CHMSL), and neat taillights that extend onto the bedsides. It's billed as a lifestyle vehicle rather than a workhorse, and does not wear any obvious name on the tailgate. The image was posted to Fisker's personal LinkedIn profile, as discovered by CarBuzz, along with the following caption: "Ok, yes, next vehicle might be a lifestyle pick up truck! But not just any truck! We want to create the lightest, most efficient EV pick up in the world! Making it, the most sustainable! image is just a teaser! Not the final: final will be way more radical!" While Fisker's excitement is conspicuous, and the truck does look cool, we can't help but question whether a production version is actually coming. About a year ago, Fisker tweeted an image of a pickup truck named the Alaska and then quickly deleted it. It had been captioned, "After our Fisker electric SUV, we have already decided on our next 2 EV’s on the same platform!" referring to what turned out to be the Ocean crossover. Perhaps it wasn't meant to be revealed just yet, or perhaps the timing was poor, considering that it came just days after a huge round of layoffs. In fact, Fisker has been bleeding talent, with one whistleblower claiming that the company is putting on a smoke-and-mirrors show to grab more cash from its Chinese investors. Whether or not the truck is vaporware, the projected timeline puts production sometime around 2025. It will be entering a very crowded marketplace, with 10 possible competitors coming to the EV pickup market, some coming from far more established players. As we said when Fisker showed the Ocean last July, it's proven it can talk the talk. Now it has to walk the walk. Related Video:

Fisker officially goes public, on track for 2022 production

Fisker has officially gone public, trading on the New York Stock Exchange under "FSR" as of Friday, the company announced this week. It was taken public as part of a merger/acquisition by Spartan Energy Acquisition Corp. "All the external pieces are now in place to execute our unique, asset-light business strategy, with today’s funding and the strategic cooperation announced with Magna on Oct. 15," said Fisker Chairman and Chief Executive Officer, Henrik Fisker, in the company's announcement. "We can now fully turn our attention to developing and launching the revolutionary, all-electric Fisker Ocean into the heart of the midsize SUV market, expected to commence in Q4 2022. We appreciate the confidence from all our shareholders and intend to deliver on our stated goals." Fisker announced last week that auto supplier Magna will provide the vehicle platform and build the electric carmaker's Ocean SUV. As part of the deal, Magna will receive warrants to purchase a stake of up to 6% in Fisker, giving the EV maker an overall valuation of about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. "As a result of the completion of the transaction, Fisker expects to have in excess of $1.0 billion (net of transaction fees and expenses) of cash on the balance sheet and no funded debt. This amount is expected to fully fund Fisker operations and the development of the Fisker Ocean program through the planned start of production in Q4 2022." Fisker, which is merging with Spartan Energy Acquisition Corp, said it had finalized a deal with Canada's Magna to build the Ocean in Europe, marking the Canadian supplier's first entry into contract manufacturing for an EV startup. While Magna has built vehicles for traditional automakers for years, analysts and investors have speculated it could eventually build for technology companies like Apple. Fisker stock was up more than 10% in its first day of trading (as of publication time). This article contains reporting by Reuters. Related Video:

Auto startups chasing Tesla race past red flags to go public

Missed out on the Tesla rally but still want to surf the electric vehicle wave? A stream of EV-related startups backed by blank-check firms is lining up to go public so there are plenty of choices. But like Tesla in the early days, few have products ready to sell or any likelihood of generating significant revenue anytime soon. Instead, investors will be relying on rosy production, sales and revenue forecasts for new cars, trucks and batteries, all set to be jostling for a slice of markets that will be far more crowded than when Tesla's cars first hit the road. Take Fisker Inc, for example. It was launched in 2016, just three years after the bankruptcy of its predecessor and early Tesla rival Fisker Automobile. In July, Fisker Inc announced a $2.9 billion reverse merger deal with Spartan Energy Acquisition Corp, a Special Purpose Acquisition Company (SPAC), and is planning to go public later this year. It has no revenue and its Fisker Ocean electric sports-utility vehicle (SUV) is at least two years away from production in a project heavily dependent on nailing down deals with partners who will build the car and provide key components. That's not particularly unique for young companies in the sector looking to use SPACs to go public and bypass the scrutiny of a traditional IPO process, according to company presentations and interviews with executives and investors. That also didn't seem to be an issue earlier this year when U.S. electric truck maker Nikola Motors used a SPAC to go public. Shares in the company that hopes to generate revenue next year almost trebled after listing on the Nasdaq exchange. But they slumped when a short-seller questioned whether founder Trevor Milton had made false claims about Nikola's technology, forcing the 38-year-old entrepreneur to step down as executive chairman — and making some investors more cautious. Nikola and Milton have publicly rejected the accusations and have threatened to take legal action against the short-seller, Hindenberg Research. "Good storytelling is an important component of being a good founder and entrepreneur — but it better not be the only component," says Evangelos Simoudis, managing partner and founder of startup investor Synapse Partners. 'IT'S A FORECAST' Fisker Inc's founder Henrik Fisker is well known in the industry for designing sports cars such as Aston Martin's Vantage, and for his failed EV firm Fisker Automobile that went bust in 2013 after burning through more than $1 billion.

Here are 12 electric pickups in the works

With the unveiling of the GMC Hummer EV, the list of planned electric pickups is expanding. Legacy automakers like Ford and Chevy have theirs coming, as do startups like Tesla, Rivian and Bollinger, as well as some lesser known brands. Here are all the electric pickup trucks we know to be in the works, along with a few that are being discussed or mulled over. GMC Hummer EV The 2022 GMC HUMMER EV is a first-of-its kind supertruck develop View 40 Photos We’ve seen it now, and itÂ’s the business. The GMC Hummer EV comes out swinging with 1,000 horsepower from GMÂ’s new Ultium electric powertrain program, a wealth of off-road features, a removable roof, Super Cruise and the revival of the Hummer name. WeÂ’ll see the first ones on the road next fall. Tesla Cybertruck Tesla Cybertruck at the Petersen Museum View 14 Photos Tesla revealed the Cybertruck last year with, ahem, unique styling, a number of powertrain options and a claimed range of up to 500 miles. It has a compressed paper dash, a ramp for the bed, and “shatterproof” windows. It has already racked up hundreds of thousands of reservations. It will be built in Texas. Rivian R1T 2021 Rivian R1T View 15 Photos EV startup Rivian revealed its R1T electric pickup toward the end of 2018 with a claimed 0-60 time of 3 seconds and a towing capability of 11,000 pounds. Preproduction began in September 2020 at RivianÂ’s factory in Normal, Illinois. Bollinger Motors B2 Bollinger Motors B2 side outdoors View 31 Photos BollingerÂ’s B2 electric pickup is a Class 3 off-roader with retro styling, removable roof panels, and a unique “frunkgate” with a pass-through down the center of the vehicle. It was created with both enthusiasts and workers in mind, with features that can get it to remote places (portal axles, hydro-pneumatic suspension) and to get things done (room for 40 2x4s, equipped with eight 110-volt outlets and one 220-volt outlet). Bollinger also plans to make the B2 Chassis Cab available for fleet customization. Ford F-150 Electric Electric Ford F-150 Towing View 9 Photos WeÂ’ve known this to be in the works since early 2019. Since then, details have trickled out. Back in June, Ford announced its F-150 Electric would be coming within two years. WeÂ’ve seen it pull a million pounds worth of train and trucks, heard it will have more power than any other F-150, and seen its LED-laden front end.

Henrik Fisker interview, and driving the Polestar 2 | Autoblog Podcast #643

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder. They've been driving the updated 2021 Honda Odyssey, the 2020 Mercedes-AMG GLC 43 and the new Polestar 2 electric sedan. After reviewing those, they talk about how the Chrysler 300 appears to be withering on the vine. Next, they take time to talk to legendary automotive designer and eponymous Chairman & CEO of Fisker Inc., Mr. Henrik Fisker himself, about jeans, horses and, of course, electric cars. Finally, they help a listener pick a $100,000 supercar in the "Spend My Money" segment. Autoblog Podcast #643 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2021 Honda Odyssey 2020 Mercedes-AMG GLC 43 2020 Polestar 2 Chrysler 300 soldiers on for 2021 with pared-down range, higher price Henrik Fisker interview Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: