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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.

The Force will be strong with Fisker in Detroit

Henrik Fisker is going to the Detroit Auto Show to show off two new cars, one of them a two-seat American "super sports car" called The Force 1. We know The Force 1 will have a Fisker-designed carbon fiber body laid over a front-engined American production car, is said to be a daily driver with the precision of a track car and the comfort of a luxury sports car, is priced near $300,000, and no more than 50 units will be produced starting next year. However, Fisker isn't divulging much more than that, including what the donor car is.The sketch shows off a number of Fisker cues like a long nose and short tail, wide body and even wider wheel arches, and large wheels - The Force 1 gets 21-inchers. "Laser blade" taillights will warn those behind, we imagine the sound of an engine said to have among the world's highest naturally aspirated outputs will give everyone else the signal to stay back. Power goes to the rear wheels only, with either a six-speed manual or an automatic with paddle shifters. The coupe is fitted with an active suspension developed by an American race car driver, Fisker saying that the unnamed driver uses the suspension on his race car.Our first guess for a two-seat donor car with an engine sturdy enough for such a tune would have been a Chevrolet Corvette, but the six-speed manual would mean Fisker scrapped the Corvette's standard seven-speed manual. The press conference revealing all secrets will happen on January 12. The release below can tide you over until then.Related Video: HENRIK FISKER DEBUTS NEW AMERICAN SUPER CAR "THE FORCE 1"AT THE 2016 NORTH AMERICAN INTERNATIONAL AUTO SHOW ON JANUARY 12December 10, 2015 - Henrik Fisker, the founder of Henrick Fisker Design, will be taking the wraps off a new sports car, The Force 1, at a press conference at the 2016 North American International Auto Show (NAIAS) on the main show floor on January 12, at 10:05 a.m.This high-performance automobile is an American take on a super sports car featuring powerful, dramatic sculptural exterior styling, Ultra Thin Ventilated (UTV) laser blade tail lamps and a luxurious contemporary interior for two people. The body on the limited edition auto is all carbon fiber sitting on 21" wheels with high performance Pirelli P Zero tires, controlled by a unique new active suspension.Priced just under $300,000, The Force 1 is the only American sports car in this price category.

Karma Revero will be unveiled, with pricing, this summer

The Karma Revero, the high-end extended-range plug-in vehicle that will be the successor to the Fisker Karma, will have a prototype unveiled and will announce its pricing this summer, the Los Angeles Times says. Karma may produce as many as 3,000 vehicles a year out of its Southern California factory. The automaker, now owned by China-based Wanxiang Group, also may pursue the direct-to-consumer distribution model used by electric vehicle maker Tesla Motors, the Times says, citing Karma chief marketing officer Jim Taylor. The former Fisker Automotive's assets were acquired out of bankruptcy by Wanxiang Group in 2014 after Fisker, with its vehicles' 33-mile all-electric range, stopped making cars in 2012 and went under. The four-door Karma Revero, which is said to deliver more than 400 horsepower, will look similar to the Fisker Karma and will also likely be priced at more than $100,000. Karma is making the vehicles out of a 550,000-square-foot factory in Moreno Valley, California, about 60 miles east of Los Angeles. The production line at the Valmet factory in Finland where the first batch of Karmas was made was broken down into parts and shipped to California for the new plant, while about 120 finished Karmas that were never sold were eventually used for test vehicles. Karma officially changed its name from Fisker last year. Fisker, which at one time was going to build a second model called the Atlantic, was founded in 2007 by famed designer Henrik Fisker, who now helps run a coach-building company. Karma Automotive is also planning to build sales and engineering offices in Troy, Michigan, near Detroit, as the company is receiving some funding from the state of Michigan. About 150 workers will be housed at the $3.6 million facility. Related Video: