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Foxconn might have made its name globally as the manufacturer of Apple’s iPhone, but the Taiwanese company is targeting a new future; electric vehicles.
At the company’s annual Tech Day on Tuesday, executives unveiled the next three vehicles in that plan, including the first Taiwan-made electric pickup.
At its annual shareholder meeting in May, chief executive Liu Young-Way had already underlined just how seriously the company takes its ambitions. He said he wanted the company to account for 5% of the global market within three years, per the Washington Post, a market equivalent to $31 billion.
However, unlike its rivals in the congested market for EVs, the group has no plans to market any vehicles under its own brand. Foxconn, which is also known as Hon Hai Technology Group, instead plans to design and build EVs from the chassis up, on behalf of clients, who will then market the cars under their own brands.
See what the three latest models look like.
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iPhone maker Foxconn wants to build 5% of the world's EVs by 2025 — and just launched its latest 3 models. Take a look. – Business Insider Africa
