Not only Apple phones but also cars! Foxconn wants to supply 3 million electric vehicles worldwide

Speaking of Foxconn, many people will first think of Apple mobile phones. After all, as the largest manufacturer of Apple mobile phones, Foxconn still has strong technical strength in the manufacturing field.

As the automobile industry is one of the largest industrial industries in the world, because of the existence of OEMs, automobile foundry production sounds a bit fanciful.

However, with the advent of the era of automobile electrification and the close cooperation of economic globalization, electric vehicle OEM production is gradually becoming a reality, and Foxconn has taken the lead this time.

A few days ago, Foxconn Chairman Liu Yangwei stated that the company plans to supply parts or services for 10% of the world's electric vehicles (about 3 million) between 2025 and 2027.

In addition, the company has been in discussions with a number of automakers, hoping to reach cooperation in the future.

Liu Yangwei revealed that Foxconn will not produce its own brand cars, but hopes to establish an open platform to provide car companies with key components for electric vehicles including batteries and car networking services.

At this stage, Foxconn is one of Apple's main suppliers, and the company hopes to transform its business in areas such as electric vehicles, digital health, and robotics to achieve global investment diversification.

In addition, at the beginning of this year, Fiat Chrysler Automobile Group (FCA) is planning to establish a joint venture with Foxconn Group, a Taiwanese high-tech company, to cooperate in the development and production of electric vehicles, and will be the first to enter the Chinese market.

According to information, FCA will hold 50% of the new joint venture and Foxconn will hold no more than 40% of the shares.

Foxconn currently relies mainly on OEM iPhone mobile phones to win profits. Apple’s orders account for half of its sales. In the past few years, Foxconn has also tried multiple businesses and invested in multiple electric vehicles. Auto companies, but none of them were successful.

This time, Foxconn announced its entry into the field of electric vehicle parts supply, not only to realize the diversified operation of the company, but also to find new growth points for the group and strengthen its ability to resist market risks.