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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 unveils EMotion electric sedan's butterfly doors

Henrik Fisker runs a new company called Fisker Inc., founded after Fisker Automotive crumbled and the Karma electric sedan went to China to be resurrected as the Revero made by a company called Karma. Any new company needs a new product, and Fisker has it: the EMotion electric sedan, which will bring its 400-mile-plus range, four butterfly doors, and a tiny example of its "revolutionary" battery to next week's Consumer Electronics Show in Las Vegas. We have about enough specs on the EMotion to fill a Post-It note, but we're told that the range comes courtesy of a whopping 143-kWh lithium-ion battery that can be re-juiced with a 125-mile range in nine minutes. Fisker Inc. had formed a joint venture with Nanotech to produce graphene batteries, but the JV fell apart. Fisker says the replacement li-ion batteries sourced from LG Chem employ proprietary module packaging to create "probably... the most energy dense battery pack in the world." The company won't be ready to divulge all of its battery and cooling secrets at CES, however, reps do plan to bring a cellphone-sized version to demonstrate the possibilities. Other innovations in development are an automated, hands-free charging connector. As for those doors, they take us back to the Savage Rivale Landyacht GTS, being butterfly portals all around, rear-hinged for the rear set. Not sure how practical they'll be, but they make the all-wheel drive EMotion look like nothing else - something the EMotion already didn't need to worry about. Fisker says the sedan's interior will be more spacious those of its competitors, with rear legroom exceeding that of "many full-size luxury sedans." Every seat gets viewing screens, and top speed rings in at 161 miles per hour. Fisker expects production to begin in 2019 somewhere in the US, and set the base price at $129,000. The order books are open now, with a $2,000 deposit securing your reservation. Related Video:

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