If you’re a tech fan, you might know Taiwan-based Foxconn as the maker of Apple’s products. However, the Taiwanese company has been presenting its prototype electric vehicles for some time. And Foxconn has big plans: make Tesla cars.
This Tuesday (18), the electronics manufacturer held the HHTD, an annual event where it presents new products and future projects. The company’s CEO, Liu Young, is confident in Foxconn’s plans to manufacture EVs for major automakers.
Look, Elon! No hands!
Foxconn, which is the largest electronics manufacturer in the worldhas been expanding its presence in the manufacture of electric cars for some time.
Among the measures taken to enter this market are a joint venture with Yulon (Taiwanese automaker), manufacturing the brand’s EVs; increased production of the American Lordstown Motors’ electric pickup and development of technologies together with Stellantis, an automaker formed by the merger between Fiat Chrysler and Peugeot.
These efforts, in addition to its electric prototypes, serve not only as a way to profit and pay the bills, but also as an advertisement for its capabilities — and Liu Young hopes the Tesla owner is watching.
To the Financial TimesYoung commented that he considers it very likely that Foxconn will reach its goal of capturing 5% of the electric car market by 2025, which equates to $31 billion in revenue.
“Our portfolio of five EVs over the past 24 months serves to show our current and future customers that we are capable of designing and building EVs that are both beautiful and safe,” Young said, reiterating that the company does not want to compete with automakers. “Foxconn is not in the market to sell its own brand of EVs. I hope to one day produce Tesla cars for Tesla itself” said a very smart Young.
Despite falling sales in the second quarter of 2022, Elon Musk’s automaker remains the world’s largest electric car maker. Tesla sold 564,743 EVs in the first half of the year alone — China’s BYD sold more cars in the same period, a total of 638,157, but 314,638 vehicles were plug-in hybrids.
Young has already dragged Musk to the right. Now it’s just waiting for the match.
With information: Financial Times and The Verge