Fisker and Foxconn reach agreement to build $29,900 Project PEAR EV in Ohio

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Fisker announced Thursday that it will get an electric vehicle from a former General Motors plant in Lordstown, Ohio, that was acquired last fall. by Taiwanese contract manufacturer Foxconn—yes, the same company that makes iPhones for Apple.

The vehicle in question is an urban runabout. Codenamed PEAR project, which Fisker plans to release in 2024 with a starting price of $29,900. The company is targeting an annual production of 250,000 units for the EV.

Fisker first hinted at building the PEAR under contract at the Lordstown plant last fall, but the plan always hinged on Foxconn’s successful acquisition of the Lordstown plant from electric vehicle startup Lordstown Motors, which originally acquired the plant from GM. Under a separate agreement reached with Lordstown Motors, Foxconn also wants build the Lordstown Motors Endurance Pickup under contract at the plant.

The PEAR will be Fisker’s second vehicle. The first is the Ocean Crossing 2023 that the production of this case should be started. Ocean production has been subcontracted to Magna Steyr of Austria.

2023 Fisker Ocean

2023 Fisker Ocean

PEAR’s code name is an acronym for Personal Electric Automotive Revolution, and Fisker has described the vehicle as an “agile urban EV”. It measures around 177 inches long, or slightly shorter than compact electric vehicles like the Hyundai Ioniq 5 and Volkswagen ID.4, and seats five. Fisker also said the vehicle will feature intuitive controls, sporty handling features and a “focus on industry firsts.”

Fisker said the PEAR will be mounted on a new platform, although it is believed to be derived from a modular platform originally developed by Foxconn. Fisker said the platform will support two more models in addition to PEAR. The Ocean uses a separate platform sourced from Magna Steyr.

“The PEAR will be a revolutionary electric vehicle that will not fit into any existing segment,” Henrik Fisker, Fisker president, CEO and founder, said in a statement.

Fisker is known to be working on at least two additional vehicles, although these are high-end vehicles with limited production. One is a sports car codenamed Ronin, a teaser for which was released in early May. The other is believed to be an SUV.

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