[baydreamer]

Fisker Has Done Half of Its Homework Really Well

FSR stock should continue to do well in 2022 but cracks are emerging. Its second vehicle is going to raise important questions.

investorplace.com

The author brings up an interesting point about the PEAR.
"Customers that buy the Ocean are likely to receive a quality product reliant upon Magna International’s strong pedigree. When the PEAR is released in 2024 there’s no telling what to expect.
Foxconn is famous for making iPhones, not vehicles. This is a completely new venture for the firm. If that makes you wonder aloud why Fisker chose Foxconn, you wouldn’t be the first."

 

[EvolOcean]

I don't have any interest in buying a Pear, but I'm sure curious about the design and specs.

All I can say about the joint venture with Foxconn is I don't think Henrik is a fool and wouldn't do business with a company he doesn't have confidence in. Also, this isn't the first time Foxconn has been linked to auto manufacturing (though nothing produced yet to my knowledge). They are also working with Lordstown Motors on their electric pickup.

 

[Roland]

Same thinking here @EvolOcean, I'm not in the market myself but it's very intriquing as a product especially for younger buyers wanting something cool, fun, techy, and affordable. I trust Fisker has a plan here.

 

[Roland]

I find the author writing from a somewhat naive approach that Fisker is only a car company. Have seen this same perspective from so many critics now, it's lazy writing. Fisker is part Car, and part Tech. The PEAR shows us the pendulum swung more to the side of Tech, or at least balancing risk there.

Supply Chain
GM didn't cut production due to car parts, they cut due to chips i.e. Tech. Want to find a company that knows now to keep a Tech manufacturing pipeline running .. that's Foxconn. Not just chips though, vertical integration.

Computers with Wheels
EVs are not so far from a solid state device. My Model 3 in a lot of ways is more like a Macbook Pro than my first car, a Chevelle Laguna. Tightly integrated electro-mechanical systems that consider power, cooling, strength, and durability is what Foxconn brings. And they don't need to create every part to be named as the primary integrator / manufacturer so the gearbox and motors might come from elsewhere, it probably doesn't matter.

 

[Roland]

Fisker is part Car, and part Tech.

If you grouped the 400+ Fisker staff on LinkedIn I'll bet you see a Tech Product company. Third party integration seems a key Fisker model and Foxconn knows vertical integration.

 

[Roland]

Why Foxconn? Foxconn has 5000 employees in Baja, California. It has over a million employees globally.

Why Baja? – Foxconn BC

 

[Roland]

(deleted)

 

[Blu Angel]

Imho, Fisker partnership with Foxconn Industries is a master stroke!


Electrek’s Take
Like Geely, Foxconn seems to be making all the right moves, looking forward at an evolving industry and looking to leverage its strengths as an assembler and contractor to, potentially, begin assembling cars for its tech clients, which include Google, Amazon, and Apple.

As for Lordstown, there have been so many promises going into and coming out of that factory over the years that we have to take anything they say with a pinch pound of salt. The only reason this bit of news feels different? It’s Foxconn who said it.

Foxconn chairman: Lordstown pickups will begin shipping this year

Foxconn chairman told interviewers that Lordstown pickups will begin shipping out of the Ohio based plant later this year.

electrek.co

 

[Roland]

Why Foxconn? Oct 11, 2021 Foxconn's first electric car spotted.

"Last year, it had developed a platform of open-source hardware and software for EV manufacturing and was working to develop a solid-state battery by 2024."

Foxconn's first electric 'Foxtron' car has been spotted ahead of unveiling

Foxconn, best known as Apple’s iPhone manufacturer, has been working on electric cars and now its first vehicle has been spotted ahead of the unveiling. It’s being marketed under the Foxtron brand. The company has been making a lot of moves in the EV space lately. Last year, it had developed a...

electrek.co

Look, I think someone only did half of their homework well 😁

 

[Sportstick]

Imho, Fisker partnership with Foxconn Industries is a master stroke!


Electrek’s Take
As for Lordstown, there have been so many promises going into and coming out of that factory over the years that we have to take anything they say with a pinch pound of salt.

Foxconn chairman: Lordstown pickups will begin shipping this year

Foxconn chairman told interviewers that Lordstown pickups will begin shipping out of the Ohio based plant later this year.

electrek.co

Remember the Chevy Vega.

 

[Blu Angel]

Remember the Chevy Vega.

@Sportstick
Yes I do! It was my very first car.....
the infamous aluminum block caught fire while my mechanic was driving it!