Apple supplier Foxconn unveils electric vehicles - NewsBreak

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By Vikash in Business
Updated 2 years ago

Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with. The world's largest contract electronics maker, Foxconn already plays a lynchpin role in assembling Apple's iPhones as well as gadgets for a myriad of top international brands. But it has been moving fast to diversify beyond electronics assembly and has ploughed money into electric vehicles, including a joint venture with local automaker Yulon Motor and purchasing a struggling auto plant in Ohio. The models unveiled on Monday -- a sedan, an SUV and a bus -- are concept vehicles that Foxconn hopes it could build with other manufacturers.

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