22 March 2020 Foxconn has been frequently seeking to develop in the field of electric vehicles recently, after planning to build its first electric vehicle factory in the United States. Foxconn’s parent company, Hon Hai Precision Industry Co., has reportedly held early talks with Vietnam’s automaker VinFast to seek cooperation in the field of electric vehicles. It was previously reported that Apple will launch the electric Chen Apple Car, so Foxconn, as Apple’s largest foundry, has good reasons to seek to build or acquire an electric vehicle manufacturing plant.
Foreign media said that during the negotiation, Foxconn expressed its desire to directly acquire the factory for the foundry of electric vehicles; while the Vietnamese company VinFast preferred to retain its own brand and cooperate in the production of electric vehicles. It is reported that Foxconn plans to invest up to 700 million US dollars in Vietnam for the OEM production of notebook computers, tablet computers and other products.
Foxconn Chairman Liu Yangwei said recently that Foxconn is working to finalize a joint venture agreement with Fiat Chrysler Automobiles. He declined to say what Apple plans to build a car. He also said that Foxconn aims to have 10 percent of the world’s electric vehicles based on its MIH platform by 2025.
Foxconn plans to supply parts or services for 10 percent of the world’s electric vehicles as early as 2025. In order to achieve this goal, in early January this year, Foxconn and Geely established a joint venture to provide foundry services.
Foxconn is also partnering with start-up Fisker in the U.S. and plans to produce more than 250,000 vehicles a year starting in late 2023, and will start manufacturing its SUVs for Byton next year.
When Apple ends up building a car, I believe this old guy Foxconn already has a lot of experience in producing electric cars.
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