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Foxconn to make Fisker's PEAR car at newly acquired Ohio facility

·1 min read

May 12 (Reuters) - Fisker Inc said on Thursday that partner Foxconn would manufacture the electric vehicle startup's second model PEAR at the Taiwanese firm's newly acquired facility in Ohio.

Foxconn closed a deal with Lordstown Motors to buy its Ohio factory on Wednesday, excluding certain assets, for $230 million.

Fisker's PEAR compact car will start production in 2024 at a base price of under $30,000 and Foxconn will make at least 250,000 PEAR vehicles a year at the facility when production ramps up.

The PEAR vehicle is intended to be launched in North America, China, Europe and India, and the platform will underpin two more models the company will introduce at a later date, Fisker had said earlier.

Foxconn will also manufacture Lordstown Motors' Endurance electric pickup truck at the Ohio facility.

(Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)