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IPhone builder Foxconn is working on an electric car with Fisker

Feb 24, 2021 - CNN
Mergers and Acquisitions

Foxconn, the Taiwan-based electronics manufacturing company best known forassembling the Apple iPhone, is working on an agreement with the California electric car company Fisker to develop an electric vehicle, the companies announced Wednesday.

Fisker Inc. went public last year through a SPAC merger with Spartan Energy Acquisition.

Founded by car designer Henrik Fisker, the company already has an agreement with Magna, an automotive contract manufacturing company. Magna is expected to...