Fisker Ocean: World's Most Sustainable Vehicle Launch
STRONG STRATEGIC PARTNERS SUPPORT AND VALIDATE FISKER BUSINESS MODEL: FOXCONN
Speed-to-market, profitable BOM, and advanced features de-risk manufacturing cost, quality, and timing
FOXCONN
Unique co-investment business model
■ Binding agreement finalized May 2021: roles / responsibilities, timeline, economics
Design by Fisker; joint engineering / sourcing; manufacturing by Foxconn; vehicles to be sold
exclusively under Fisker brand
Goal to develop and source PEAR as tech product not an auto product
Creating the sub-$30k no-compromise EV price segment
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Expected start of production Q1 2024 in United States; targeted production of 250k vehicles per
year once manufacturing footprint expands (China, Europe, and India)
Expected pricing to start below $30k; meaningfully lower investment cost relative to Ocean
Foxconn supply chain influence has already benefited Ocean and PEAR
Radical exterior design complete, concept engineering in full swing
Confident in Foxconn manufacturing capability
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Decades of experience in high-complexity electronics supply chain mgmt. and assembly
Experience gained through several non-Fisker automotive launches before PEAR
Copyright 2021 Fisker Inc. All rights reserved.
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