Foxconn wants to do for electric vehicles (EVs) what it has done with the iPhone, but first, it needs to find the next Apple – and fast.
Foxconn is counting on its Mobility in Harmony EV platform, or MIH, to win customers. It calls MIH "the Android system" for EVs and is soliciting partners in an effort to standardize technologies so model variants can be developed quickly and cheaply.
Hsiao also worked on the first Android phone for Google and now sees EVs at a similar commercial inflection point. His firm estimates Foxconn hitting about 65,000 vehicles in 2025 and 157,000 in 2026. "They're not making iPhones here," he said. "They can probably buy things cheaper than anyone on earth," Raymond Tsang, a Shanghai-based partner at consultancy Bain & Company, said of Foxconn.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple supplier Foxconn is on the hunt for semiconductor and EV deals in India | CNN BusinessApple supplier Foxconn says it is seeking Indian partners to cooperate in areas such as chips and electric vehicles, as its chief executive wrapped up a visit to the country.
Read more »
Taiwan's Foxconn seeks chip, EV cooperation with IndiaMajor Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way.
Read more »
The Best EVs of 2023 and 2024We’ve selected the best electric cars you can buy today that include a wide range of SUVs, hatchbacks, sedans, and even pickup trucks.
Read more »
France's Plugin EVs Hit 24% In February, Dacia Spring Still BossFrance's plugin electric vehicle share reached 23.8% in February, up from 20.1% year on year.
Read more »
Foxconn reports fall in Feb sales, sticks to Q1 outlookTaiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple, said on Sunday revenue in February fell 11.65% year-on-year due to weakness in smart consumer electronics, but stuck to its first quarter outlook.
Read more »
Letters to the Editor: California doesn't need a hydrogen backup plan for EVsUsing electricity to make hydrogen fuel to power a car is a lot less efficient than charging an EV battery.
Read more »