Smartphone producer Foxconn announces electric car venture
The Taiwanese company that manufactures
smartphones for Apple Inc. and other global brands announced plans Monday to
produce electric cars for auto brands under a similar contract model.
Foxconn Technology
Group will produce cars and buses for brands in China, North America, Europe
and other markets, said its chairman, Young Liu. He said the clients can modify
their appearance and features for their markets.
Foxconn, also known as Hon Hai Precision Industry Co., enters a
crowded global market with electrics being offered by almost every established
automaker and dozens of ambitious startups.
The flagship Model E sedan, developed with Italian design house
Pininfarina, is due to be launched in 2023, the company said. It said the Model
E will seat five and have a range of 750 kilometres on one charge.
Liu mentioned automakers Fisker Inc. and Taiwan's Yulong Group as
clients.
The newspaper Taiwan News said last week other potential customers
include Stellantis, the automaker formed by the merger of FIAT Chrysler and
Peugeot, but Liu did not confirm that.
Foxconn said
its first electric bus, the Model T, will have a range of less than 400
kilometres on one charge.
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