Taiwanese tech giant Foxconn, best known for assembling Apple's iPhone, said it hopes to one day make cars for Tesla as it ramps up electric vehicle manufacturing in a strategy to diversify its business
iPhone, said on Tuesday it hopes to one day make cars for Tesla as it ramps up electric vehicle manufacturing in a strategy to diversify its business.
Speaking at the company's annual Tech Day, Chairman Liu Young-way said Foxconn, the world's biggest contract electronics maker, wants to replicate its level of success in assembling consumer gadgets as it expands into building EVs for auto brands. "Based on our past records for the PC and cellphone markets ... we're at about 40-45% of the overall market share. So, ambitions-wise, hopefully we are able to achieve the same kind of achievement like in the ICT industry, but we will start small, which is about 5% in 2025," Liu said."I hope one day we can do Tesla cars for Tesla.", which did not immediately respond to a request for comment, makes all of its EVs in-house and has been rapidly expanding capacity.
Tesla's CEO Elon Musk angered many in Taiwan this month when he suggested tensions between China and Taiwan could be resolved by handing over some control of Taiwan to Beijing.Liu said Foxconn is not in the business of selling its own EV brands but wants its customers to sell "a lot" of EVs, which will be made in Taiwan, Thailand and the United States. Foxconn is negotiating with partners in Indonesia and India, Liu added.
The company expanded into EVs and semiconductors in recent years, announcing deals with U.S. startup Fisker Inc
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