Foxconn’s new strategy: Building cars for EV startups and 10% market share by 2025

Foxconn's car brand Foxtron.
Foxconn’s car brand Foxtron. Do they want to supply to automakers or compete with them?

Hon hai, overseas know as Foxconn, is a major manufacturer for Apple and other smartphone companies. Like many technological titans, they couldn’t resist joining the car-making race. Together with Taiwanese automaker Yulon Motors, they launched an EV project called MIH last October. MIH is a name of a modular platform for building electric cars. Foxconn stated that its goal is to gain a 10% share of the EV market between 2025-2027. Foxconn believes that the MIH platform is the Android for the electric vehicle industry.

Continue reading “Foxconn’s new strategy: Building cars for EV startups and 10% market share by 2025”