Foxconn will partner with Fisker to produce electric vehicles

Electric vehicle maker Fisker will partner with Foxconn to produce more than 250,000 electric vehicles annually, starting in 2023.

The agreement has been codenamed “Project PEAR”, short for Personal Electric Automotive Revolution, and will target markets in North America, Europe, China and India. There news it was a cure-all for Fisker’s actions, which are increased by 23.4%, coming in at $ 20.10 in pre-market trading. The one with Fisker it won’t be the first collaboration of Foxconn in the electric vehicle sector, as it recently entered into a partnership with the Chinese electric vehicle startup Byton. In this way, Foxconn expects to be able to supply components for 10% of the world’s electric vehicles by 2025-2027.

Still remaining in the automotive field, it is strange that Foxconn, at least so far, has never been named as a possible partner for the production of the Apple Car. Several previous reports, in fact, say that Apple seems willing to rely on traditional car manufacturers for its first electric car. The first name made was that of the Korean Hyundai and the subsidiary Kia, but it was later confirmed that the negotiations were not successful. Possible partners also include BMW, Nissan and Renault.

Meanwhile, some analysts suggest Apple Car could generate $ 50 billion in revenue by 2030.

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Source: iPhone Italia by www.iphoneitalia.com.

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