（Cover image source: Reuters）
According to Reuters on March 19th, Foxconn is negotiating with VinFast, a Vietnamese automobile manufacturer, on cooperation involving the manufacturing of batteries and auto parts. Foxconn plans to acquire VinFast’s production line for electric vehicles, while the latter prefers collaboration. So far, Foxconn has declined to comment.
Foxconn intends to provide parts or services for 10% of the world’s electric vehicles by 2025 at the earliest. To achieve this goal, in early January of this year, Foxconn and Geely established a joint venture to provide OEM services.
In the United States, Foxconn is also collaborating with the startup Fisker, with plans to produce more than 250,000 vehicles annually starting from late 2023, and to provide OEM production services for Byton’s SUV from next year.
When Apple enters the car manufacturing industry, we believe that Foxconn, this old man, will have a lot of experience in producing electric vehicles by then.
🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.