Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

America’s Fisker and Taiwan’s Hon Hoi Group (Foxconn) have finalized their agreement to begin the design and development of electric vehicles (EVs) under the PEAR Project, with production slated to begin in Q4 2023.


The two companies will invest jointly and share profits from the sales. They will run operations from a liaison center between the USA and Taiwan and are reviewing potential plant sites in the US. The Personal Electric Automotive Revolution (PEAR) project will launch from a new lightweight platform called FP28, noted Foxconn in a statement last week.


Fisker’s electric SUV model Ocean in partnership with Magna is set to roll down assembly lines in Q4 2022. Foxconn is a major supplier of Apple’s products.

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