Apple partner Foxconn to form EV partnership with Fisker

Apple partner Foxconn embarks on own electric vehicle project, following a partnership with Fisker, with production to start late 2023. — Reuters

Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.