company Foxconn, which has
announced its entry into the electric vehicle space, is reportedly planning to
have an electric vehicle (EV) manufacturing facility in India.
Young-way, Chairman of Foxconn, revealed his company's global manufacturing
plans days after unveiling its first three concept electric vehicles. Liu said
that Foxconn is open to manufacture its electric vehicles in countries like
India, Brazil and other European nations.
he said that detailed plan of Foxconn coming to India or Brazil cannot be
disclosed at the moment due to 'disclosure restrictions'. He also said that
Foxconn is also ready to ‘indirectly’ cooperate with German carmakers.
world's largest assembler of iPhones, made its foray into the electric vehicle
business by unveiling as many as three concept vehicles which run on battery.
These include the Model C SUV and the Model E sedan with impressive features
like race-car level acceleration and a 750 kms of range. The company also
unveiled a Model T bus which promises a range of 400 kms on single charge and a
top speed of 120 kmph.
company also clarified that it plans to build for automotive customers rather
than selling to customers under its own brand. Foxconn and Stellantis Group, which
includes carmakers like Jeep, Citroen and others, had announced their plans
this year to set up a joint venture to supply in-car and connected-car
Source: HT Auto