Anna Hartz
Foxconn Sets Sights on Electric Cars, Collaborates with Major Car Makers
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If you own an iPhone or an Xbox, chances are Foxconn built it. The company is one of the biggest names in electronics.
Now, it’s moving into a new industry. Foxconn wants to build electric cars and sell them around the world, according to Boosted.
The company is based in Taiwan and already makes about 40% of the world’s consumer electronics.
But now it’s planning something different. It wants to design and build electric vehicles.
These cars will first be made in Taiwan. Later, they may be produced in the U.S. too.
At a recent press event, Foxconn said it is talking to several well-known carmakers. These include Nissan, Honda, and Mitsubishi.
The goal is to work together, not to buy them out. Foxconn wants to offer complete electric cars to brands that don’t have their own models ready yet.
Nissan seems to be at the top of their list. According to Automotive News, the two companies may work closely.
Foxconn is already working with Mitsubishi, although details are still under wraps. Honda is also being considered.
The company plans to release a full line of EVs. This includes a mid-size crossover, a compact crossover, two vans, and a sedan.
The crossovers will likely be the first models sold in the United States.
Foxconn is also betting big on tech. It wants to make cars that are built around software.
Think regular updates and digital features—similar to what Tesla and Rivian are doing.
Although Foxconn is based in Taiwan, it operates huge factories in China. That gives it access to large-scale production.
At the same time, it avoids the political issues that come with being a Chinese company.
Foxconn has no plans to sell cars under its own brand. Instead, it will let traditional carmakers buy and rebrand them.
That way, consumers might one day buy a Foxconn-built car without even knowing it.
The move shows how close the tech world and car industry have become.
Whether buyers will embrace a car built by a tech giant is still unknown. But many of us already carry Foxconn in our pockets.