This proposed collaboration is codenamed Project PEAR (Personal Electric Automotive Revolution). Fisker sounds excited about having Foxconn build the new vehicle: “The creation of Project PEAR with Foxconn brings together two like-minded and complementary companies, each focused on creating new value in a traditional industry. We will create a vehicle that crosses social borders while offering a combination of advanced technology, desirable design, innovation, and value for money, whilst delivering on our commitment to create the world’s most sustainable vehicles.”
Foxconn’s Technology Group Chairman, Young-Way Liu, says that “the key success elements of electric vehicle development include the electric motor, electric control module, and battery. We have two major advantages in this regard, with an exceptional vertically integrated global supply chain and the best supply chain management team in our industry.” Sketchy business practices aside, the partnership could be very valuable for both parties, especially Fisker.