Electric cars

Foxconn plans to make electric cars in India, its president reveals

Taiwan-based tech company Foxconn, which has announced its entry into the electric vehicle space, is eager to come to India to manufacture its electric vehicles. Liu Young-way, chairman of Foxconn, revealed his company’s global manufacturing plans days after unveiling his first three concept electric vehicles.

Liu said Foxconn is open to manufacturing its electric vehicles in countries like India, Brazil and other European countries.

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However, he said Foxconn’s detailed plan coming to India or Brazil cannot be disclosed at this time due to “disclosure restrictions.” Liu said, “Europe will go a little faster, I agree with that. But as to where, I can’t tell you.” He also said Foxconn was also ready to cooperate “indirectly” with German automakers.

Foxconn, the world’s largest iPhone assembler, made a foray into the electric vehicle business on Monday by unveiling up to three battery-powered concept vehicles. These include the Model C SUV and the Model E sedan with impressive features like race car-level acceleration and a range of 750 km. The company also unveiled a Model T bus that promises a range of 400 km on a single charge and a top speed of 120 km / h.

The company also clarified that it plans to build for automotive customers rather than selling to customers under its own brand. “We are no longer the new kid in town,” said Young Liu, chairman of Foxconn’s flagship unit, Hon Hai Precision Industry Co. “We have gradually built an EV supply chain and showcased our EV equipment. “

The company has already struck a deal with US startup Fisker, which is also an electric vehicle maker, and Thai energy group PTT PCL. The company also bought a manufacturing plant in the United States, previously owned by Tesla rival Lordstown Motors, to make electric cars. In August, it bought a chip factory in Taiwan to meet future demand for automotive chips.

Foxconn and Stellantis Group, which includes automakers like Jeep, Citroën and others, had announced their intention in May this year to form a joint venture to provide in-car and connected technologies.

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