Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Electric vehicle maker Fisker (NYSE: FSR) announced on Monday that it has nominated Sharp Corporation, part of the Hon Hai Technology Group, to develop technologies supporting in-vehicle screens and interfaces for its Ocean SUV.
The agreement includes the co-creation of technologies and the manufacture of screens and components from Sharp to support the Ocean SUV, Project' PEAR' (Personal Electric Automotive Revolution), and potentially two additional Fisker vehicles.
Fisker said it will work with Sharp to optimise the global production strategy for all screens and related products. The company intends to start production and deliveries on its first vehicle, the Ocean electric SUV, in Q4 2022.
Fisker Chairman and CEO, Henrik Fisker commented: “The nomination of Sharp brings another world-class partner into our product development and technology ecosystem.
“Our product development process enables us to design and develop products with high quality partners like Sharp much closer to the time of launch, which in turn enables us to deliver the latest technologies to our customers.
“Our collaboration with Sharp is set to create exciting new automotive display systems, featuring innovative backlight solutions to improve illumination without increasing power consumption – in addition to class-leading resolution, bezels, and design.”
Premarket, Fisker's share price is trading 0.95% above Friday's close at $10.60.
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