Foxconn wants to be the electric vehicle maker for the major companies. The largest iPhone producer intends to build factories in markets such as Europe or India from 2024. It will also offer “open software solutions” and “chassis designs” so that car companies can adapt the aesthetics of their vehicles depending on the market, as reported Nikkei Asia.
Young Liu, president of Foxconn, shared some details at a conference in Taipei about his intention to open electric vehicle factories in key markets. The head of the company is sure that your first step will be build facilities for Europe and India. Later, they will enter South America with a plant in the United States or Mexico. It also highlights that joining these markets will involve partnering with local governments and other companies. In Europe, for example, it has confirmed that Foxconn “will work indirectly with German automakers.”
Lui also believes that the decision to open factories in other parts of the world will help car companies lower production costs. “In the past, any company setting out to build a new car would need an investment of at least 10 billion New Taiwan dollars ($ 359 million). But Foxconn’s service could help all gamers save on costs. and development time “, he assures.
Foxconn, from assembling iPhones to making electric cars
It is not the first time that Foxconn has offered details about its intention to enter the electric vehicle market. In February 2021, the manufacturer partnered with Fisker, an American electric vehicle company, with the aim of produce an electric car capable of competing against Tesla. Months later, the Taiwanese announced the purchase of a semiconductor plant to meet the demand for auto chips.
Foxconn’s first factories for electric vehicles will start operating from 2024. At the moment, no company has confirmed whether they will bet on the Taiwanese manufacturer for the assembly of their electric vehicles. Apple, which has relied on Foxconn for the production of its iPhones and plans to launch an electric car in the future, could be one of your most important clients. Meanwhile, the fabricnate to has shown three prototypes of electric vehicles that seem to serve as a sample of what it is capable of developing in the future.