Apple contract producer Foxconn is partnering with Fisker Inc., a collaboration that may see the Taiwanese company establishing Fisker electrical automobiles for worldwide markets beginning in 2023.

On Wednesday the two firms launched a memorandum of understanding for a jointly-developed “worldwide electrical automotive mission,” to be manufactured by Foxconn, in step with a Fisker press launch.

Manufacturing of the unnamed EV is scheduled to start out out in This autumn 2023, with annual volumes of 250,000 fashions. Fisker talked about the model new model will objective worldwide markets, along with North America, Europe, China, and India.

It will probably be Fisker’s second model, following the Ocean SUV, which will be built by Magna in Europe. That agency already contract manufactures the Jaguar I-Tempo, along with the BMW Z4 and Toyota Supra sports activities actions automobiles. Fisker switched to a Magna platform for the automotive after negotiations with Volkswagen to utilize the automaker’s MEB platform fell by the use of.

Fisker Ocean

Fisker Ocean

Fisker unveiled the Ocean on the 2020 Shopper Electronics Current—prolonged sooner than it had secured a contract producer. On the time, it quoted a $37,499 base price, meaning the Ocean will worth about $30,000 after the $7,500 federal EV tax credit score rating.

Fisker has been taking reservations for the Ocean since November 2019, and went public by the use of a selected perform acquisition agency (SPAC) reverse merger in October 2020, nonetheless hasn’t delivered a single automotive to a purchaser however.

Together with the Ocean, a super-efficient “radical” pickup truck is coming in late 2023, doubtlessly, Fisker has talked about, so it is not clear if the EV co-developed with Foxconn replaces that mission.

Foxconn seems wanting to get into the automotive enterprise. It not too way back unveiled a whole EV platform, and has already aligned itself with one different startup—Chinese language language company Byton. Would you buy a automotive constructed by a company most interesting acknowledged for making iPhones?