Canada markets open in 6 hours 56 minutes
  • S&P/TSX

    19,999.59
    -144.41 (-0.72%)
     
  • S&P 500

    4,166.45
    -55.41 (-1.31%)
     
  • DOW

    33,290.08
    -533.32 (-1.58%)
     
  • CAD/USD

    0.8030
    +0.0009 (+0.11%)
     
  • CRUDE OIL

    71.94
    +0.30 (+0.42%)
     
  • BTC-CAD

    41,261.98
    -3,370.00 (-7.55%)
     
  • CMC Crypto 200

    821.56
    -118.39 (-12.60%)
     
  • GOLD FUTURES

    1,777.20
    +8.20 (+0.46%)
     
  • RUSSELL 2000

    2,237.75
    -49.71 (-2.17%)
     
  • 10-Yr Bond

    1.4500
    0.0000 (0.00%)
     
  • NASDAQ futures

    14,044.50
    +9.50 (+0.07%)
     
  • VOLATILITY

    20.70
    +2.95 (+16.62%)
     
  • FTSE

    7,017.47
    -135.96 (-1.90%)
     
  • NIKKEI 225

    28,010.93
    -953.15 (-3.29%)
     
  • CAD/EUR

    0.6758
    0.0000 (0.00%)
     

Fisker, Foxconn deal to build EVs in the US is 'signed and sealed'

·Senior News Editor
·1 min read

Fisker is still preparing to deliver its sub-$40,000 electric Ocean (pictured above), but it's also signed an agreement solidifying plans with Foxconn to build more cars. We still have little more than sketches to go on for what the Project Pear vehicle will be, but the "breakthrough new segment vehicle will use a new lightweight platform and cost less than $30,000.

This content is not available due to your privacy preferences.
Update your settings here to see it.

According to a statement, the companies are jointly investing in the vehicle, and will share the proceeds. The plan is to start manufacturing in the US first, although it's not confirmed whether or not Foxconn's Wisconsin site will play a part. Manufacturing is scheduled to start in Q4 of 2023, so it will be a while before they hit the road.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting