TAIPEI, Taiwan AP : The Taiwanese company that makes iPhones for Apple Inc. and other global brands announced plans to produce electric cars for auto brands under a similar contract model on Monday.
Foxconn Technology Group 2354 will produce cars and buses for brands in China, North America, Europe and other markets, said its chairman Young Liu. He has said that 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 Pininfarina sedan designed with Italian design firm Model E is expected to launch in 2023, the company said. The model E will seat five and have a range of 750km 470 miles on one charge. To Liu, he identified automakers Yulong Group FSR and Taiwan s Fisker Inc. as clients. The newspaper FT reported last week that other potential customers include Stellantis STLA, 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 kilometers 250 miles on one charge at one time.