Foxconn is getting extra critical about its electrical automobile ambitions. The firm advised traders throughout an earnings name that it plans to construct EV factories within the US and Thailand in 2022 and begin mass producing autos the next yr. Chairman Liu Young-way stated the corporate can be in talks relating to attainable areas for crops in Europe.
At its US facility, Foxconn will construct autos for EV shoppers together with Fisker. The corporations , and Foxconn plans to start out making Fisker EVs by the top of 2023. The two are collectively investing within the Project Pear automobile and can share income from it.
Foxconn is in discussions with three states, together with Wisconsin, for the EV plant, in accordance with Nikkei. Earlier this yr, Foxconn for its current facility in Wisconsin. Liu has additionally urged Foxconn could construct EVs on the .
The deliberate Thai manufacturing facility will kind a part of Foxconn’s three way partnership with oil and gasoline conglomerate PTT. The two are engaged on a platform for EV and part manufacturing. Liu stated Foxconn plans to construct as much as 200,000 EVs at that plant annually.
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