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Apple iPhone Maker Foxconn Plans To Manufacture EV Models In India

Apple iPhone Maker Foxconn Plans To Manufacture EV Models In India

Electronics manufacturer Hon Hai Technology Group, known as Foxconn, unveiled a range of three electric vehicles during a company event held in Taipei. The Taiwanese company is known for manufacturing Apple devices including iPhones, iPads, and the Apple Watch among others.

Taiwanese high-tech giant Foxconn is considering building electric vehicles (EVs) in Europe, India, and Latin America, including “indirectly” collaborating with German automakers, Liu Young-way said.

Foxconn Announces Entry into EV Market, Shows 3 Concept Vehicles.

According to a Reuters report, Foxconn has plans to manufacture electric vehicles in India, Europe, and Latin America. While speaking to reporters during the event in Taipei, Liu Young-way, the chairman of the Foxconn group said that the company cannot speak about its plans for the three regions due to disclosure restrictions. 

Asked if he would work with a German car company, he said “indirectly” that the timelines were first in Europe, then in India and Latin America, and Mexico was “very possible”. Added.

Foxconn, Best known For.

  • Making iPhone Device for Apple has set a goal of providing components or services to 10% of EVs worldwide between 2025 and 2027. This is because we aim to diversify our revenue sources away from contracted electronics manufacturers.
  • “These are the advantages and strengths that Taiwan has cultivated over the years.”
    Liu said earlier in the same forum that Taiwan had a natural advantage in EV manufacturing due to its existing strengths in software and semiconductors.

The company has showcased three concept electric vehicles.

  • A little less than a year later, Foxconn has unveiled three electric vehicle models —  Model C recreational vehicle (SUV), Model E sedan, and the Model T electric bus.
  • The flagship Model E, developed with Italian design house Pininfarina, will be a five-seater car and have a range of 750 kilometers. It will be launched in 2023, the company said.
  • The electric bus will have a range of around 400 kilometers on a single charge. And it could hit the roads next year. The bus will have a top speed of 120 km/hr. and include features like an advanced temperature management system, according to Taiwan News.

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