Foxconn releases three electric car prototypes

Stefan Mileschin · 19th October 2021, 08:28

Keen to drive away from Apple dependence

Foxconn unveiled its first three electric vehicle prototypes, which are being seen as part of its ambitious plans to diversify away from its role of building consumer electronics for Apple.

The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a joint venture between Foxconn and Taiwanese car maker Yulon Motor.

Foxtron Vice Chairman Tso Chi-sen told reporters that electric vehicles would be worth a trillion Taiwan dollars to Foxconn in five years - a figure equivalent to around $35 billion.

Foxconn, formally called Hon Hai Precision Industry, aims to become a significant player in the global EV market and has clinched deals with US startup Fisker and Thailand’s energy group PTT.

Foxconn Chairman Liu Young-way told the event timed to mark the birthday of the company’s billionaire founder Terry Gou that Hon Hai is ready and no longer the new kid in town.

https://fudzilla.com/news/automotive...car-prototypes

19th October 2021, 08:28	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Foxconn releases three electric car prototypes Keen to drive away from Apple dependence Foxconn unveiled its first three electric vehicle prototypes, which are being seen as part of its ambitious plans to diversify away from its role of building consumer electronics for Apple. The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a joint venture between Foxconn and Taiwanese car maker Yulon Motor. Foxtron Vice Chairman Tso Chi-sen told reporters that electric vehicles would be worth a trillion Taiwan dollars to Foxconn in five years - a figure equivalent to around $35 billion. Foxconn, formally called Hon Hai Precision Industry, aims to become a significant player in the global EV market and has clinched deals with US startup Fisker and Thailand’s energy group PTT. Foxconn Chairman Liu Young-way told the event timed to mark the birthday of the company’s billionaire founder Terry Gou that Hon Hai is ready and no longer the new kid in town. https://fudzilla.com/news/automotive...car-prototypes

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