There is a major chance about the next car of a person being the electric car. There is a major chance that the company which makes that electric car is going to be a Foxconn one.
Foxconn is a Taiwanese giant in terms of electronics which assembles all kinds of the popular devices which includes iPad, iPhone, Nintendo Switch and Kindle which is diving directly into the electric vehicles world. However, instead of just selling the electric vehicles under their own brand, it will be designing and manufacturing the cars for the automakers which are established and the startups which are coming up.
Foxconn is currently making its products for Apple and it is hoping to do for the car manufacturer Tesla. In the month of October, chairman of Foxconn said that that the company is aiming to make 40 to 45% of the electric vehicles of the world, matching the success which it has achieved in the electronics.
Foxconn has unveiled their first prototypes of Electric Vehicles in the previous year and has wasted very little time in lining a roster up of automotive clients. Earlier in the year, the maker of iPhone has brought a former General Motors in the Lordstown, Ohio from the struggling automotive startup called Lordstown Motors. Lordstown Motors has been recently starting the shipping out of the Foxconn-made electric pickup trucks for customers.
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Fisker which is another Electric Vehicle upstart has been tapping into Foxconn for manufacturing their second vehicle, the Pear will start in 2024 in Ohio.
Foxconn is also building prototypes for another startup in Indi EV. And it has inked a partnership with Yulon Motor with Taiwan.
Volkswagen has been considering the hiring of Foxconn for building its new electric SUV and pickup truck destined for the United State buyers later on.