Fisker maintains that plans to build the Pear at Foxconn's facility in Ohio are still on track and have nothing to do with the factafter the EV startup declared bankruptcy in June 2023 and sued Foxconn for"bad faith" and"broken promises."
According to a Fisker spokesperson, the ongoing suit between Foxconn and Lordstown Motors won't prevent Fisker from building the Pear at the Lordstown plant at this point. Still, Henrik Fisker said during the company's Q2 earnings call on August 4 that the Foxconn deal was not yet secured. "The PEAR will be built here, [in the U.S.], but we are still in final talks with Foxconn. When you deal with contract manufacturing, it's a little different because you have to go through all the details of each vehicle to understand the exact cost of assembly," the executive said. Later in the call, he noted that he expected the deal to be finalized in the next three months.