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iPhone maker Foxconn to switch to cars as US-China ties sour

AI created summarization:

  • Foxconn, a Taiwanese company that makes products for Apple and other tech giants, is betting big on electric vehicles.
  • The company is also moving some of its supply chains away from China, as tensions between the US and China rise.
  • Foxconn is preparing for the worst-case scenario, such as a Chinese blockade or invasion of Taiwan.
  • The company has already begun moving some production lines to Mexico and Vietnam.
  • Foxconn is a major player in the global supply chain, and its moves could have a ripple effect on other companies.

Here are some additional details about the company’s plans:

  • Foxconn has invested $10 billion in a new electric vehicle plant in Taiwan.
  • The company plans to produce 1 million electric vehicles per year by 2025.
  • Foxconn is also working on self-driving cars and other new technologies.

The company’s moves are a sign of the growing importance of electric vehicles and the changing global supply chain. Foxconn is a major player in both of these trends, and its moves could have a significant impact on the global economy.

Keepitpushin ,

It seems like a pretty big jump. Now, i understand that an electric car is a way more of a electronic gadget than the mechanical predecessor used to be, but still i feel like there are needed like dozen or more of new engineering and dev departments just to get in the game, and all this in couple of years? Seems a bit too ambitious.

ray ,

I agree. There are definitely more differences than similarities between a smartphone and an EV. They’ll basically be starting from scratch.

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