The largest contract electronics manufacturer in the world, Foxconn, stated on Tuesday that it was not in the business of selling its own line of electric vehicles (EVs), but instead aimed to help its clients sell EVs in huge quantities by breaking open the "closed loop" of the car industry.
The goal is consistent with Taiwan-based Foxconn's aspirations to expand its electric vehicle (EV) business in order to diversify away from its current role as an iPhone manufacturer for Apple and other tech companies.
Chairman Liu Young-way stated during the company's annual Tech Day that Foxconn and the Mobility in Harmony platform were "opening up the closed-loop nature of traditional automaking" to reduce design timelines by half and development costs by a third. "Foxconn is not in the business of selling its own EV brand. But, yes, we want our customers to sell a lot of EVs," in pre-recorded remarks, she said.
Three prototypes unveiled last year - an SUV, a sedan, and a bus - will "gradually" be produced in Taiwan, Thailand, and the United States, and Foxconn is currently in negotiations with partners in Indonesia and India, Liu added. The company has recently expanded into areas including EVs and semiconductors, announcing deals with US start-up Fisker Inc and Indian conglomerate Vedanta Ltd.
In less than two days, Foxtron, a joint venture between Foxconn and Taiwanese automaker Yulon Motor Co Ltd., received 15,000 pre-orders for its Luxgen n7 electric vehicle.
"Despite the challenges of conflict in Europe and COVID globally, Foxconn has maintained our EV strategy," Liu said. "Supply chain resilience has always been Foxconn's DNA. Our global footprint in 24 countries gives us a huge advantage to meet EV industry demands."
Terry Gou, the company's billionaire founder, celebrated his birthday on the actual annual tech day. Gou was introduced as a special guest and drove onstage in the Model B sporty crossover hatchback, one of two prototypes exhibited this year. The Model V, an all-terrain pickup, was the other prototype revealed.
Foxconn is the world's largest contract electronics manufacturer, with operations in numerous countries, the majority of which are in mainland China, where it employs 1.2 million people and is the country's largest private employer and exporter.
Foxconn produces electronics for large American, Canadian, Chinese, Finnish, and Japanese corporations. The BlackBerry, iPad, iPhone, iPod, Kindle, all Nintendo gaming systems since the GameCube (except subsequent Nintendo DS models), Nokia devices, Sony devices (including the PlayStation 3 and PlayStation 4 gaming consoles), Google Pixel devices, Xiaomi devices, every successor to Microsoft's first Xbox console, and several CPU sockets, including the TR4 CPU socket on some motherboards, are among the notable products manufactured by Foxconn.