Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious competitors.
In addition to Foxtron, its automaking joint venture with Taiwan's Yulon Motor, it has a 50% joint venture with Stellantis NV to design and sell automotive semiconductors and a 50% joint venture with Germany’s ZF Friedrichshafen AG, a major auto supplier, to make passenger car chassis.
Foxconn's auto venture with Taiwan automaker and importer Yulon Motor Co., Foxtron, showcased its Model B, a sleek EV hatchback, as well as its automotive electronics, at the Consumer Electronics Show in Las Vegas last week.
Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications.
Whether or not Foxconn wanted to make a bid for Nissan, it has big ambitions, saying it eventually intends to make four of every 10 EVs sold in the world.
