What It Means For Fisker-Foxconn Partnership: The development would speed up the Los Angeles, California-based Fisker and Foxconn's joint venture to launch Project PEAR (personal electric automotive revolution), as per Fisker co-founder Henrik Fisker. A long exciting day! I talked to the chairman of Foxconn today; we agreed: Foxconn's announcement today about its new EV manufacturing plant in Ohio could mean an earlier launch of the PEAR. #Fisker #Love #EVs #ESG #EarlyBiz pic.twitter.com/gY7HcFDZW6 — Henrik Fisker (@henrikfisker) October 1, 2021 The partnership plans to bring an electric vehicle for under $30,000 to markets including North America, Europe, China and India. Separately, Fisker plans to launch its Ocean SUV — which would be assembled by automotive contract manufacturer Magna International (NYSE:MGA) in Europe —in November 2022.