Taiwan tech elephantine Foxconn unveiled its archetypal 3 electrical conveyance prototypes connected Monday, underscoring ambitious plans to diversify distant from its relation of gathering user electronics for Apple Inc and different tech firms.
The vehicles - an SUV, a sedan and a autobus - were made by Foxtron, a associated task betwixt Foxconn and Taiwanese car shaper Yulon Motor Co Ltd
Foxtron Vice Chairman Tso Chi-sen told reporters that electrical vehicles would beryllium worthy a trillion Taiwan dollars to Foxconn successful 5 years’ clip - a fig equivalent to astir $35 billion.
Foxconn, formally called Hon Hai Precision Industry Co Ltd, aims go a large subordinate successful the planetary EV marketplace and has clinched deals with U.S. startup Fisker Inc and Thailand's vigor radical PTT PCL.
"Hon Hai is acceptable and nary longer the caller kid successful town," Foxconn Chairman Liu Young-way told the lawsuit timed to people the day of the company's billionaire laminitis Terry Gou.
Gou drove the sedan, which was jointly developed with Italian plan steadfast Pininfarina, onto the signifier to the tune of "Happy Birthday".
The sedan volition beryllium sold by an unspecified carmaker extracurricular Taiwan successful the coming years, portion the SUV volition beryllium sold nether 1 of Yulon's brands and is scheduled to deed the marketplace successful Taiwan successful 2023.
The bus, which volition transportation a Foxtron badge, volition commencement moving successful respective cities successful confederate Taiwan adjacent twelvemonth successful a concern with a section proscription work provider.
Foxconn this period bought a mill from U.S. startup Lordstown Motors Corp to marque electrical cars. In August it bought a spot works successful Taiwan successful a determination to proviso aboriginal request for car chips.
Foxconn has besides acceptable a people to supply components oregon services for 10% of the world's EVs by betwixt 2025 and 2027.