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Fisker Pear will be built at Foxconn's Lordstown Motors plant

Shares of Lordstown Motors surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio facility with Taiwanese contract manufacturer Foxconn. The Taiwanese firm confirmed it will also make Fisker's Pear compact car model from 2024 alongside the Endurance at the Ohio facility. The deal closure buys Lordstown Motors some much needed breathing room and gives production of its electric pickup a chance at success, said Danni Hewson, analyst at AJ Bell. "Building electric vehicles is an expensive business at the best of times. Right now the supply crunch is making life incredibly difficult and Lordstown Motors and its shareholders will be feeling a rather heady sense of relief today," added Hewson. Setting up manufacturing lines for electric vehicles is a capital intensive process and startups in the past have struggled to raise sufficient capital to mass produce vehicles. Foxconn will now manufacture Lordstown Motors' Endurance electric pickup truck which will go into production in the third quarter of the year and be in the hands of customers in the fourth quarter. Lordstown Motors will retain some assets including its hub motor, battery assembly lines and intellectual property. The company said the deal closure results in $260 million of proceeds, including the reimbursement of certain operating and expansion costs. The stock fell over 95% from its high of over $30 per share in September 2020, weeks after going public through a merger with a blank check company. It is currently trading under $2. Reporting by Akash Sriram and Bansari Mayur Kamdar in Bengaluru; Editing by Krishna Chandra Eluri Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Fisker EMotion EV and flexible solid-state battery debut at CES

We've been following Henrik Fisker's new company closely, and have taken a keen interest not just in his Fisker EMotion luxury electric sedan, but also in the battery and charging technology the company's been developing. Now, at the 2018 Consumer Electronics Show ( CES) in Las Vegas, we've gotten a full reveal of the upcoming vehicle, as well as new details about Fisker's solid-state battery technology, which has the potential for dramatic increases in electric driving range. Fisker teased the reveal of the EMotion in recent days, showing off the butterfly doors, and giving us a glimpse of the interior. Previously, we had learned of its fantastic, 400-plus-mile range and swift charging capabilities. A conversation we had with Henrik Fisker revealed more about the design, the battery and a secret charging method that he thought could change the EV game. Now, we have a lot more details about the car, though Fisker is still keeping some of his company's tricks under his hat. View 21 Photos The all-wheel-drive Fisker EMotion will have an estimated top speed of 161 miles per hour. It will be capable of Level 4 automated driving thanks to a suite of five Quanergy lidar sensors. The car will ride on 24-inch Pirelli low-rolling-resistance tires. The butterfly doors feature flush handles, and they open and close with the help of smartphone control. The car is about 197 inches long, with an overall height of about 52 inches, but Fisker says the packaging of the electric powertrain allows for a more spacious interior than most vehicles of this size. Let's talk more about that interior, as this is the first time we've gotten such a close look at it. It's very luxurious, combining the comfort of leather with the convenience of modern infotainment technology. Fisker says it will also offer a vegan interior option for the EMotion. The car has four individually adjustable electric seats, with a five-seat option with a rear bench. Fisker promised the car would provide entertainment when operating in autonomous mode, and that comes in the form of three driver-oriented screens, with a curved center screen, as well as an optional 27-inch rear curved screen for the Chauffeur Edition EMotion. The glass roof features four zones of tint, each electrically adjustable to let in your desired amount of light. The Fisker EMotion is set to launch by the end of 2019, with a starting price of $129,000. The company is currently taking reservations for $2,000 at its website.

Fisker Alaska electric pickup is one of the coolest Cybertruck and F-150 Lightning rivals yet

The Fisker Alaska electric pickup truck. Fisker US EV startup Fisker unveiled an electric pickup to take on the Tesla Cybertruck and Rivian R1T.  Fisker says the Alaska will start at $37,900 after incentives and go on sale in early 2025. It offers an ingenious bed that extends from 4.5 feet to 9.2 feet.  EV startup Fisker wants to snag a chunk of America's pickup market from giants like Ford and GM.  The company on Thursday laid out plans for its next batch of products, including a very cool truck called the Alaska. Fisker didn't mention too many details, but we now know a few things about the upcoming truck.  "I think it's very important for us to say that we want to create unique vehicles," company CEO and designer Henrik Fisker said during the event.  The Fisker Alaska electric pickup truck. Fisker Fisker says it'll start at $45,400, or $37,900 after a $7,500 federal tax credit. That should make it one of the most affordable electric trucks in the US when it goes on sale sometime in early 2025.  The F-150 Lightning (a bigger truck, but still) was supposed to start at just under $40,000, but rising materials costs have pushed the entry-level model to $51,990. The Rivian R1T, a bigger, higher-end offering than the Alaska, costs $73,000 and up.  The Fisker Alaska electric pickup truck. Fisker That makes the Alaska look like a mighty compelling deal, if Fisker can keep the price where it is. There's also currently nothing like it. All the electric pickups out right now — the Lightning, GMC Hummer EV, and R1T — are fairly large. The soon-to-be-released Tesla Cybertruck looks like a pretty big boy too.  Fisker revealed three brand-new electric models and a new version of its Ocean SUV during an event in California. Fisker Fisker says the Alaska will fit somewhere between the compact and midsize categories. So think bigger than a Ford Maverick and smaller than a Toyota Tacoma. It could strike a chord with buyers who want an electric truck for casual errands but don't need anything huge.  During Thursday's product-reveal event, Fisker's CEO said the company didn't want to compete with full-size trucks and wanted to build a pickup that works well as a daily driver.  The Fisker Alaska electric pickup truck. Fisker Still, he wanted the Alaska to provide pickup utility when people need it. Thanks to a retractable wall between the cab and bed, the Alaska's 4.5-foot bed can fit items as long as 9.2 feet — if you fold the back seats and drop the tailgate.