Foxconn, Apple's main component supplier, is expanding into electric vehicles
Foxconn's three electric car models of SUV, sedan and bus were just launched on October 18. The move marks Foxconn's transformation from a component supplier to Apple into a multi-industry corporation.
The launch ceremony of Foxtron's three electric car models took place on the birthday of Foxconn founder, billionaire Quach Dai Minh. Today, October 3, Mr. Quach himself drove a Model E sedan onto the stage to the music of the song. Happy Birthday.
To realize its ambition of becoming one of the world's leading electric vehicle companies, Foxconn joined hands with Taiwanese car manufacturer Yulon to establish Foxtron.
According to Reuters, Foxtron's first electric sedan was designed by the famous Italian company Pininfarina.
Model E has a capacity of 750 horsepower and can accelerate from 0 to 100 km/h in 2,8 seconds, equivalent to a race car. This sedan also has facial recognition, a wind resistance coefficient of 0,22 (good by industry standards) and a range of 750km.
Meanwhile, Model C is an SUV, capable of accelerating from 0 to 100 km/h in 3,8 seconds and will be sold in Taiwan in 2023 before being exported abroad.
The Model T was a passenger bus that could travel 400km continuously and reach a maximum speed of 120km/h.
The car is also equipped with blind spot warning and collision warning sensors. The Model T will go on sale in Taiwan from next year after signing a contract with a local transportation business.
“We are ready and are no longer novices in the industry,” Foxconn chairman Liu Young-way emphasized at the launch ceremony. Foxconn aims to capture 5% of the global electric vehicle market, bringing in at least 35 billion USD in revenue within the next 5 years.
Foxconn is famous globally for being a supplier of components and assemblers of phones and computers for Apple and a number of other phone companies.
This group's foray into the electric vehicle field is considered a transformation to diversify its business lines.
Foxconn aims to provide components or services for 10% of the world's electric vehicles by 2025-2027.
In March 3, Reuters revealed that Foxconn had negotiated to buy Vinfast's electric vehicle production line, but the Vietnamese corporation only wanted to cooperate.
Failing in this deal, Foxconn turned to the US and bought an electric vehicle factory from Lordstown Motor earlier this month, followed by an electric vehicle chip supplier factory in Taiwan in August.
It is still unclear how Foxconn's electric vehicle ambitions will affect its partnership with Apple, which also aims to build self-driving electric vehicles.
According to Tuoi Tre Online