Foxconn Interconnect Technology, a unit of Taiwan’s Foxconn, said on Wednesday its Saudi Arabian joint venture will begin building an electric vehicle (EV) charger factory in December, marking its first manufacturing base in the Middle East.
The plant, part of the Smart Mobility venture launched in May with Saudi partner Saleh Suleiman Alrajhi and Sons, is scheduled to start production in 2026, FIT chairman Sidney Lu told an event in Taipei. The company, also known as FIT, produces connectivity components and server parts.
“One of our targets as a country in Saudi Arabia (is that) by 2030, 30% of the cars have to be electrified,” said Smart Mobility’s CEO Prince Fahad bin Nawaf Al Saud.
FIT has expanded into EV connectivity and charging through a string of acquisitions, including Germany’s Prettl SWH group – renamed FIT Voltaira – in 2023, and Auto-Kabel Group in 2024. Lu added that revenue from the auto mobility segment is expected to reach $700 million this year.
