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Foxconn aims to supply to about 3.0m electric vehicles

October 18, 2020 00:00:00

TAIPEI, Oct 17 (Arab News): Foxconn aims to provide components or services to 10 per cent of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said on Friday.

The Taiwanese contract manufacturer, formally called Hon Hai Precision Industry and a major supplier to Apple, is looking at growth from sectors such as EVs, digital health and robots in a drive to diversify its global investments. "We want to push Taiwan's EV industry to the world," Liu said in Taipei.

In January, automaker Fiat Chrysler said it has plans for a joint venture with Foxconn to build electric cars and develop Internet-connected vehicles in China.

"Hon Hai has to ready our open platform as soon as possible. We need to move fast to grab market share," he said, referring to Foxconn's pledge to build an "open platform" to make key EV components including battery and car-Internet services available to automobile makers.

Foxconn is planning to launch its solid-state battery for EVs in 2024.

Foxconn will work with multiple auto makers to reach the goal of 10 per cent global EVs, Liu added, representing around three million vehicles.

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