OrganisationUS
Fisker
American electric-vehicle maker that filed for Chapter 11 bankruptcy in 2024.
Last refreshed: 31 July 2026 · Appears in 1 active topic
Key Question
Fisker and Foxconn promised 250,000 cars a year and built none: why?
Timeline for Fisker
#13 21 Jul
Mentioned in: Humanoid's buyers wrote the $152m cheque
UK Startups and InnovationBackground
Fisker was an American electric-vehicle maker that set a production goal of 250,000 vehicles a year with contract manufacturer Foxconn for its PEAR crossover in 2021, but the two never signed a final manufacturing contract . Fisker filed for Chapter 11 bankruptcy in June 2024 with the PEAR still not in production; it was cancelled that October. Coverage of Humanoid's Bosch and Schaeffler arrangement cites Fisker and Foxconn as a historical counter-example of a capacity deal without a binding volume commitment.
Common Questions
Why did Fisker go bankrupt?
Fisker filed for Chapter 11 in June 2024 after its PEAR crossover, meant to be built with Foxconn at 250,000 units a year, never reached production.Source: TechCrunch
What happened to the Fisker-Foxconn manufacturing deal?
The two set a 250,000-vehicle annual goal for the PEAR crossover in 2021 via framework agreements but never signed the final manufacturing contract.Source: Fisker
What was the Fisker PEAR?
The PEAR was Fisker's planned crossover SUV, intended for high-volume production with Foxconn before the deal collapsed and Fisker went bankrupt.Source: TechCrunch