Fisker (FSR) Signs Deal with 'Lebron James' of Manufacturing, Offers 900% Upside to Bull Case
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Fisker (FSR) Announces Framework Agreement with Foxconn
May 13, 2021 4:56 PM EDTFisker Inc. (NYSE: FSR) announced it has signed framework agreements with Hon Hai Technology Group (TWSE:2317) (Foxconn) supporting joint development and manufacturing related to Project PEAR (Personal Electric Automotive Revolution), a program to develop a new breakthrough electric vehicle.
Under the agreements, Fisker and Foxconn will jointly invest into Project PEAR, with each company taking proceeds from the successful delivery of the program. Fisker will work with Foxconn on a new lightweight platform designated FP28, leveraging technological expertise from each company to support Project PEAR and potential future vehicles.
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