Reuters
Taiwan’s Foxconn says it wants customers to sell ‘a lot’ of EVs
TAIPEI (Reuters) -Foxconn, the world’s largest contract electronics maker, said on Tuesday it was not in the business of selling its own electric vehicle (EV) brand but wanted its customers to sell EVs in large numbers by opening up the “closed loop” of auto manufacturing. The ambition lines up with Taiwan-based Foxconn’s plans to ramp up EV business to help diversify away from its role of assembling consumer gadgets like iPhones for Apple Inc and other tech firms. Speaking at the company’s annual Tech Day, Chairman Liu Young-way said that along with an industry alliance known as the Mobility in Harmony platform, Foxconn was “opening up the closed-loop nature of traditional automaking” to halve design times and slash development costs by a third.
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