Chairman Liu Young-way said Foxconn wants to emulate its success rate in assembling consumer gadgets as it expands EV manufacturing for car brands.
“I hope one day we can do Tesla cars for Tesla.” said Liu Young-way
Tesla has been known to make all of its own EVs and has rapidly increased production capacity in the US, China and Europe.
Liu said Foxconn is not in the business of selling its own EV brand but wants its customers to sell “a lot” of EVs, which will be made in Taiwan, Thailand and the United States. Liu also added that Foxconn is negotiating with partners in Indonesia and India.
“Foxconn leveraged its “48-year roots in ICT manufacturing” to halve EV design time and cut development costs by a third,” Liu said.
“Despite the challenges of conflict in Europe and COVID globally, Foxconn has maintained our EV strategy,” said Liu. “Supply chain resilience has always been in Foxconn’s DNA. Our global footprint in 24 countries gives us a huge advantage to meet the demands of the EV industry.”