Why is Fisker stock up today? Fisker and Apple (AAPL) partner Foxconn signed a memorandum of understanding to "develop a breakthrough electric vehicle," according to a press release. The collaboration, code-named "Project Pear" (Personal Electric Automotive Revolution), will produce a vehicle developed and sold under the Fisker brand, including through the Fisker Flexee Lease program. The yet-to-be-named EV will be available in multiple global markets including North America, Europe, China, and India. The companies project annual volumes of more than 250,000.
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