In a bold move, Foxconn, the Taiwanese electronic components manufacturer, has decided to venture into the automotive industry following the collapse of merger talks between Nissan and Honda.
Foxconn’s chairman, Young Liu, announced that the company would be signing manufacturing agreements with two electric vehicle (EV) startups within the next two months. While the identities of these startups remain undisclosed, the collaboration will take the form of contract design and manufacturing services for the development of electric vehicles.
In this month’s financial statement, Liu revealed that Foxconn will commence production of the electric crossover Model C in North America in the fourth quarter. Due to rising US tariffs, Liu expressed intentions to expand Foxconn’s manufacturing footprint in the United States.
Additionally, the Taiwanese electronics manufacturer is also collaborating with automotive manufacturers in the Middle East on electric vehicle software design, including the development of smart cabins.
Over the years, Foxconn has signed numerous agreements in its pursuit of entering the automotive industry. Currently, the company holds a 50% stake in the assembly unit of axle systems and chassis module production of Germany’s ZF Group.
Foxconn has also established a 50-50 joint venture with Stellantis to design and sell automotive semiconductors starting in 2026. Furthermore, the Taiwanese company has a deal with the German chipmaker Infineon to co-develop advanced silicon carbide semiconductors for electric vehicles.
Industry experts believe that Foxconn’s entry into the electric vehicle manufacturing arena will create significant pressure on established automakers, such as Nissan.
The All-New Xpeng G6 2025: Electric SUV with Rapid 10-Minute Charging for an Impressive 450 km Range
Xpeng has just unveiled its 2025 G6 SUV, and it’s a game-changer. With a host of impressive upgrades, this SUV takes the driving experience to new heights. The G6 is a testament to Xpeng’s innovation and commitment to pushing the boundaries of automotive technology. This reveal sets a new standard for SUVs, offering an enhanced driving experience that’s sure to impress.
Zeekr 007 GT: Unveiling the Ultimate In-Car Experience
The Zeekr 007 GT estate is set to enter the Chinese market in mid-April and will subsequently be available in Europe, rebranded as the Zeekr 7 GT.
The Great Automotive U-Turn: Revving Up Investment in Internal Combustion Engines Once More.
In a surprising turn of events, automotive giants are now reinvesting in the development of internal combustion engines, marking a shift from their previous all-out focus on electric vehicles.
Affordable Excellence: Ford’s Commitment to Cost-Effective Vehicles
The American automotive manufacturer is reintroducing affordable variants of its existing models to cater to a wider audience.
The Korean Automaker’s Race: Kia Continues to “Outpace” Hyundai on Home Turf with Impressive Sales Figures
For decades, Hyundai reigned supreme as the best-selling automotive brand in South Korea. However, since 2024, Kia has taken the top spot, dethroning Hyundai from its long-held position.
