The chairman of the electronics giant said it could work “not directly” with German automakers to produce electric cars.
Foxconn is targeting electric vehicle production in Europe, India and Latin America, including partnerships with German automakers such as Liu Young-way, Foxconn’s president said on Oct. 20. Currently, the Taiwanese electronics company has the ambition to become one of the main “players” in the global electric vehicle market. Foxconn has signed a deal with U.S. startup Fisker and Thai oil giant PTT.

Foxconn’s Foxtron electric SUV launched on October 18. Photo: Paultan
When asked, Liu declined to elaborate on plans in the markets in question, saying only that Europe could be first, followed by India and Latin America, adding that Mexico was “very likely” among them. Previously, the chairman of the corporation had mentioned Mexico as a place that could produce electric vehicles.
Foxconn has the ability to apply an investment model with partners to manufacture and operate local factories and then sell products to customers in that same locality.
In May, Foxconn and Stellantis announced plans to create a joint venture to provide connected and automotive technologies across the industry. In August, Foxconn bought a chip factory in Taiwan, and in October, it bought the plant from U.S. startup Lordstown to make electric vehicles. It aims to supply components or services to 10% of the world’s electric vehicles by 2025-2027.
On October 18, at a technology event in Taiwan, Foxconn launched three prototype electric cars with its newly established brand Foxtron. The three models include an SUV, a sedan and a bus.
Plans to help Foxconn realize its electric car dreamSource: vnexpress.net