Fisker Manufacturer Foxconn Is Eyeing Sites in U.S., Thailand to Build EVs

Zac Estrada

Zac Estrada is a reporter covering transportation, technology and policy. A former reporter for The Verge and Jalopnik, his work has also appeared in Automobile Magazine, Autoweek, Pacific Standard, Boston.com and BLAC Detroit. A native of Southern California, he is a graduate of Northeastern University in Boston. You can find him on Twitter at @zacestrada.

Fisker
Fisker

As Manhattan Beach-based EV maker Fisker Inc. continues to develop its more affordable and U.S.-built vehicle offering, its manufacturing partner is moving forward with plans to assembly factories in at least one other country.


Taiwanese manufacturing company Foxconn, which is partnering with Fisker on an EV project, told investors Thursday it's still evaluating three U.S. sites to produce a car. In a separate move, it's also looking to build another manufacturing plant in Thailand to produce up to 200,000 cars per year, according to Nikkei. Foxconn chair Young Liu said the Thailand factory will be part of a joint venture with PTT Public Company Limited, a state-owned oil and gas company.

Liu added that Foxconn, which is best known for assembling iPhones and iPads, is also evaluating possible sites in Europe for EV production.

In the U.S, Fisker's focus is still on its sub-$30,000 EV, codenamed Project PEAR, which will be the first American-made product. A Fisker spokesperson told dot.LA on Thursday that it and Foxconn are still reviewing U.S. sites together, including an existing Foxconn facility in Wisconsin, to determine which will be the best to produce the small EV. The auto company will make a decision on the location in the coming weeks; the spokesperson would not comment on further collaborations with Foxconn or production locations for Project PEAR other than prospective sites in the U.S.

Project PEAR will be Fisker's second vehicle project, scheduled to launch in 2023. In March, company founder Henrik Fisker told dot.LA it will be a radically designed compact car aimed at drivers in dense cities or who do not want a large vehicle, similar to a Mini Cooper. Plans for the car were announced in February, along with the deal with Foxconn.

In its second quarter earnings call on Aug. 5, Henrik Fisker said progress on the car with Foxconn was moving more quickly than anticipated and it was applying the software developed for its upcoming Ocean EV SUV for the new small car, as well its own testing procedures to make sure the vehicle launches on time.

The company also said in the earnings call that after sales begin in the U.S. and Europe, it will look at expanding into markets in Asia, including China.

Fisker has also said it will launch two additional EV models by 2025 and plans a "climate neutral" vehicle by 2027.

Its first vehicle, the $37,500 Ocean, is set to be revealed in production form in November at the Los Angeles Auto Show before production starts towards the end of 2022. The Ocean will be built by contract manufacturer Magna Steyr in Austria.

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Henrik Fisker Says Tesla Price Cuts Haven’t Fazed Ocean Rollout

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

A Fisker electric vehicle.​
Courtesy of Fisker

Last week in the dot.LA newsletter I wrote about Tesla’s decision to slash prices by as much as 20% on their vehicles and how the decision might impact Southern California’s EV startups. I called the price cuts a “tough pill to swallow” for Fisker in particular since they would make many of Tesla’s price points more competitive with Fisker’s first production model, The Ocean.

The Ocean is currently undergoing homologation, but Henrik Fisker, the company’s CEO, confirmed to dot.LA that the company hopes the process to be completed at the end of February. From there, it could take several weeks to ship the SUVs from Austria to the United States.

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Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

​Diankha Linear
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Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Dreamscape, LinQuest and PetDX Gain New CEOs

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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