Foxconn, one of Apple’s largest manufacturing partners, is going through a major change in its supply chain. Young Liu, the director of the Taiwanese company, stated that they are in the middle of the US-China tension. foxconnto get their factories out of China to the electric car market announced that they are looking into investing.
Foxconn invests in electric cars amid US-China tensions
Foxconn CEO Young Liu made important statements about the companies he worked for, especially Apple, in an interview with the BBC. Considering the impact of relations between the USA and China, the company said that they want to work in the field of electric cars.
Foxconn started out of China to avoid being in the middle strategically. Some of the production lines moved to Mexico and Vietnam. This decision, however, has been mixed after the Chinese government’s call for “reunification”.
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Foxconn aims to account for about 5 percent of the global electric vehicle market share in the coming years. CEO Liu; in various regions including USA, Thailand, Indonesia and India Foxconn’s electric vehicle factory He stated that he will establish
Foxconn, headquartered in Taiwan; Apple, Microsoft, Dell and serves large companies such as Amazon. It has become one of the world’s largest manufacturers with revenues of $200 billion. However, it is located in a geopolitically strategic region.
We also know that Apple has been conducting research in the electric car world for a while. In the following years, Apple Car Foxconn may be one of the biggest partners of the project.
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