Foxconn is anticipated to construct greater than 250,000 autos yearly as a part of the Fisker partnership, in line with a press release from the businesses.
The Ocean shall be constructed by Magna Worldwide’s Magna Steyr in Graz, Austria, the place the contract producer additionally builds automobiles for BMW, Mercedes-Benz, Toyota and Jaguar.
Fisker mentioned no choice had been taken on the place the second mannequin developed with Foxconn shall be constructed. He mentioned he envisaged the automobile can be in-built “a number of locations” all over the world.
“The acceleration we have now when it comes to product is barely doable with a number of companions, and a number of present manufacturing services,” Fisker mentioned.
Foxconn in October launched its first EV chassis and a software program platform aimed toward serving to automakers deliver automobiles to the market sooner, however Fisker wouldn’t say whether or not the brand new mannequin would use that platform. The Ocean will use a platform developed by Magna.
“Foxconn will take the lead in manufacturing provide chain and we are going to take the lead in design, improvement, distribution and branding,” Fisker mentioned.
Foxconn and Fisker will collectively put money into the mannequin, Fisker mentioned.
The 2 firms haven’t mentioned Foxconn taking a stake in Fisker as Magna Worldwide has finished. As a part of the deal to construct the Ocean, the provider will obtain warrants to buy a stake of as much as 6 p.c in Fisker, value about $three billion.
In January, Foxconn signed a manufacturing deal with Chinese electric-vehicle startup Byton to begin mass manufacturing of the Byton M-Byte by the primary quarter of 2022.
Every week later, Foxconn and Zhejiang Geely Holding Group said they would join forces to supply manufacturing and consulting companies to world automotive enterprises.