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A rather vague design sketch accompanied the press release, presumably hinting at the design and shape the new mysterious EV will take. The exaggerated wheels suggest it will be an off-road-oriented vehicle, perhaps a more rugged SUV than the Ocean, but it\u2019s too soon to know for sure. All we have at the moment of writing is that it\u2019ll be a \u201cvehicle that crosses social borders, while offering a combination of advanced technology, desirable design, innovation, and value for money.\u201d<\/p>\n

That\u2019s not saying much is it? Whatever it\u2019ll be, Fisker pledges it\u2019s going to stay true to the company\u2019s ethos of creating \u201cthe world\u2019s most sustainable vehicles.\u201d The EV brand aims to start production in the third quarter of 2023 and Foxconn will be in charge of manufacturing, with the goal to build more than 250,000 units each year.<\/p>\n

<\/div>\n

It\u2019s quite an ambitious sales target and makes us wonder whether the model in question will be a smaller and cheaper EV to slot below the Ocean, even though the sketch suggests otherwise. Foxconn chairman Young-way Liu says the tie-up cuts the time it takes for a new vehicle to be developed and brought to the market in half.<\/p>\n

Fisker aims to go global with the new electric vehicle by selling it in Europe, North America, China, and India. By making it available in the world\u2019s second-most populous country, it could be another hint the car will have a lower starting price since India is still very much an emerging region.<\/p>\n

Meanwhile, the Ocean will be shown as a production-intent prototype later this year and Fisker claims the electric SUV has already racked up more than 12,000 paid reservations. Series production is scheduled to commence in the final quarter of 2022.<\/p>\n

Source: Fisker<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

It would appear the Ocean SUV is not the only new electric vehicle Fisker is working on as the company has signed a Memorandum of Understanding (MOU) with Foxconn for a separate EV. It\u2019s currently known by its \u201cProject PEAR\u201d (Personal Electric Automotive Revolution) codename and aims to become a \u201cbreakthrough new segment vehicle.\u201d A […]<\/p>\n","protected":false},"author":7,"featured_media":4572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[3],"tags":[268],"yoast_head":"\nFisker and Foxconn developing new electric vehicle for 2023 launch<\/title>\n<meta name=\"description\" content=\"Fisker and Foxconn have signed a Memorandum of Understanding to co-develop a new electric vehicle codenamed \u201cProject PEAR.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/evglobe.com\/2021\/02\/24\/fisker-foxconn-develop-new-ev\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fisker and Foxconn developing new electric vehicle for 2023 launch\" \/>\n<meta property=\"og:description\" content=\"Fisker and Foxconn have signed a Memorandum of Understanding to co-develop a new electric vehicle codenamed \u201cProject PEAR.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/evglobe.com\/2021\/02\/24\/fisker-foxconn-develop-new-ev\/\" \/>\n<meta property=\"og:site_name\" content=\"EVGLOBE - 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