Foxconn sets sights on making EVs in Europe, India, Latin America


FILE PHOTO: A Foxtron Model E electric vehicle (EV) is seen unveiled at a Foxconn event in Taipei, Taiwan October 18, 2021. REUTERS/Fabian Hamacher

TAIPEI (Reuters) -Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including "indirectly" cooperating with German automakers, Chairman Liu Young-way said on Wednesday.

Foxconn, formally called Hon Hai Precision Industry Co Ltd, aims to become a major player in the global EV market and has clinched deals with U.S. startup Fisker Inc and Thailand's energy group PTT PCL.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Roblox bolsters child safety measures after abuse reports
Apple said to offer US$100mil to undo Indonesia iPhone 16 ban
Long delayed Ukrainian survival video game sequel set for release amid war
Keppel DC REIT secures full ownership of key data centres in Singapore
Opinion: Suing to recover billions, FTX's receiver discloses the stunning scale of its grift – and stupidity
European tech funding stalls in 2024 but IPO window to open, report says
Trump may be planning to attend SpaceX launch in Texas
Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
DOJ to ask judge to force Google to sell off Chrome, Bloomberg News reports
AI startup Perplexity adds shopping features as search competition tightens

Others Also Read