Fisker mulls battery cell manufacturing in Europe, U.S with major supplier
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Fisker, which was once a rival to Tesla Motors Inc in the nascent market for electric luxury cars, struggled with the recall of batteries made by its previous supplier, A123, which later filed for bankruptcy.
"We did not want to take any risk on batteries,"
Fisker, which is yet to produce saleable vehicles, has been partnering with companies for manufacturing its electric cars to speed up vehicle development and production.
On Wednesday, Fisker said it would work with Apple Inc (AAPL) supplier Foxconn (FXCOF) to produce more than 250,000 vehicles a year beginning in late 2023.
Fisker said in December that
Fisker's production is on track to start in the fourth
quarter of next year, with a starting price of
The company was launched by
Fisker's reverse merger with special-purpose acquisition
company Apollo Global Management provided the startup with