Is a new breed of electric crossover SUV arriving from Fisker-Foxconn?

Fisker has made an announcement about the second new model it plans to introduce, following the Fisker Ocean in Q4 2022. The company has released a teaser which hints at a new light crossover SUV, given the high popularity of the body type in the brand’s core markets (existing and planned) globally.

The image reveals not much except a hip design, which would be in line with the Fisker Ocean SUV, and compact dimensions, which would make it suitable for even the narrow roads of European countries and the crowded streets of Asia. Apart from the USA and Canada, Fisker is considering launching the two-box design in China, Europe, and India.

The second Fisker model has been codenamed ‘Fisker Project PEAR’, with the word PEAR an abbreviation of Personal Electric Automotive Revolution. Inspiration for the Fisker Project PEAR “has come from some unconventional sources,” Henrik Fisker, Chairman and CEO, Fisker, said.

The design sketch hints at the direction we are taking. However, with the level of innovation planned for this vehicle, I intend to keep the final design a surprise until the last possible moment!

Henrik Fisker, Chairman and CEO, Fisker

Like the Fisker Ocean SUV, the Fisker Project PEAR will also be produced by a contract manufacturer. However, while the former has gone to Magna Steyr, the latter will roll out of a Foxconn plant. Foxconn is a Taiwanese contract manufacturer that is famous for making Apple products.

On February 24, 2021, Fisker announced that it has entered into a MOU with Hon Hai Technology Group (Foxconn) and revealed the highlights of the proposed collaboration. As per this MOU, Fisker and Foxconn would co-develop “a breakthrough new segment vehicle” that has potential globally, including North America, Europe, China, and India. The MOU also stated that Foxconn would manufacture more than 250,000 units (projected volume) of this model annually, with the SOP scheduled in Q4 2023.

Fisker and Foxconn expect to formalize their partnership for the Fisker electric car during the second quarter of the year (April-June 2021). Foxconn is confident about a speedy development and rollout of this EV, estimating completion in half the time traditionally required to launch a new model.

The collaboration between our firms means that it will only take 24 months to produce the next Fisker vehicle – from research and development to production.

Young-way Liu, Chairman, Foxconn Technology Group

Fisker has also said that it plans to display a production-intent prototype version of the Ocean SUV later this year. The company has received more than 12,000 pre-orders for the upcoming electric SUV.