Approved a company Foxconn, the iPhone maker, is building electric cars for Fisker, an electric-car startup named after Henrik Fisker.
And theSays The two companies: Foxconn is building the second Fisker car, which has not yet been announced, and is due to be launched in late 2023.
Fisker said For a newspaper The Wall Street Journal: Companies are considering building the car in the United States and there’s a good chance that this will happen through the Foxconn plant in Wisconsin.
The companies claim to be able to produce 250,000 or more vehicles annually, and a formal partnership is expected later this year.
Fisker is not scheduled to start production of its first car, the Ocean, until the end of 2022, and has 12,000 reservations for the Ocean SUV yet.
And this vehicle is being built by auto supplier Magna, who has its own electric vehicle program and assembles an electric SUV I-Pace for Jaguar Land Rover.
Fisker originally planned to partner with Volkswagen to build the Ocean SUV and later vehicles.
The prototype of the Ocean SUV was built via Volkswagen’s electric vehicle platform by a German carmaker’s design firm, but these negotiations eventually stalled.
Fisker joins a growing list of companies that Foxconn has worked with in the electric vehicle business after the Taiwanese conglomerate announced last year its entry into the industry.
Foxconn this year announced it is building cars with Geely, the largest private auto maker in China, as well as with the struggling Chinese startup Byton.
Geely said it could leverage its partnership with Foxconn to help build cars for Faraday Future.
Foxconn announced in January 2020 that it plans to build electric cars with Fiat Chrysler, which has since merged with French PSA Group to become a new car manufacturer called Stellantis.
Interest in electric cars has skyrocketed in the past year in the wake of Tesla’s appreciation, and has been rolled out A number of startups, Fisker among them, have gone public and have collectively raised billions of dollars.
The boom has attracted large companies from other industries as well, such as Foxconn, and the Chinese research giant Baidu has announced that it is working with Geely to make electric vehicles.
Alibaba has formed a joint venture with SAIC, the largest automaker in China, to develop electric cars.
Bus ride-hailing service giant Didi Chuxing is working with major Chinese auto maker BYD to make electric vehicles.