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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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

'Metaphor: ReFantazio', 'Dragon Age', 'Astro Bot' and an indie wave lead the top video games of 2024
Opinion: You can pay for white noise, but you don’t need to
Rumble to receive $775 million strategic investment from Tether
OpenAI unveils 'o3' reasoning AI models in test phase
Qualcomm secures key win in chips trial against Arm
US finalizes up to $6.75 billion in chips awards for Samsung, Texas Instruments, Amkor
Potential TikTok bidder seeks a CEO, prepares business overhaul
Spire's sale of ship tracking arm raises antitrust concerns
Ukraine says Russian cyberattack hits state registries but no data lost
US data-center power use could nearly triple by 2028, DOE-backed report says

Others Also Read