Foxconn looking to make electric vehicles in Europe, India, Latin America

by SpeedLux
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Foxconn is looking to make electric vehicles (EVs) in Europe, India, and Latin America. It is also looking to “indirectly” co-operate with German automakers, according to Chairman Liu Young-way.

Foxconn is planning to become a major player in the EV market and has signed deals with U.S. automaker Fisker Inc and Thailand’s energy group PTT PCL.

Speaking to reporters at a business forum in Taipei after revealing three EV prototypes on Monday, Liu said that due to disclosure restrictions he couldn’t offer any more information of its plans for Europe, India, and Latin America.

“Europe will be a bit faster, I agree with that. But as to where, I can’t tell you,” he added.

He said Foxconn will be cooperating with German companies “indirectly”, and the timeline would be Europe first, then India and Latin America.

He added that Mexico was “very possible”. Liu has earlier mentioned Mexico as a possible EV production site.

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