MOUNT PLEASANT, Wis. (AP) — Foxconn Technology Group said Wednesday it has signed a deal with a California startup to build electric cars, conceivably at Foxconn’s facility in Wisconsin.
The details of the agreement with electric car company Fisker are expected in the coming months. However, Fisker chairman and chief executive Henrik Fisker told the Wall Street Journal that Foxconn’s property in Mount Pleasant would be an “obvious” choice for producing the vehicles.
A statement by Foxconn did not specifically say that the project would wind up in Mount Pleasant, but it did not dismiss the possibility, the Milwaukee Journal Sentinel reported.
“Our presence in Wisconsin has caught the attention of many businesses and investors who share our vision for a park that is sustainable for business and community growth,” the statement read.
Production would begin by end of 2023 and begin with Fisker’s second vehicle codenamed “Project PEAR,” for “Personal Electric Automotive Revolution,” the joint agreement said.
Foxconn would manufacture 250,000 Fisker vehicles per year.
Fisker has developed one car, the Ocean electric SUV, and plans to start production on it in late 2022. The company, based in Los Angeles, has said it wants to develop more eco-friendly electric vehicles.