Foxconn: Target 10% market share of electric vehicles, launch the first solid-state battery in 2024

According to foreign media reports, Liu Yangwei, chairman of Foxconn’s parent company Hon Hai Precision Group, said on Friday that the company hopes to occupy a 10% market share in the electric vehicle market from 2025 to 2027, and has already cooperated with many automakers. Negotiations were held on future cooperation. As an important supplier of Apple, Foxconn is now seeking new rises in the fields of electric vehicles, digital medical and robotics to promote its global investment diversification. Fiat Motors said in January this year that it plans to establish a joint venture with Foxconn to process electric vehicles and develop connected cars in my country. Liu Yangwei said: 'We hope to promote Taiwan's electric vehicle industry to the world.' Foxconn promised to establish an 'open platform' for automakers to process key electric vehicle components, including batteries and car networking services. Liu Yangwei said that the company's goal is to occupy a 10% share of the electric vehicle market from 2025 to 2027 and supply key components for approximately 3 million electric vehicles. It also stated that the company has been negotiating with a number of automakers, but declined to supply details on the grounds of 'ongoing'. However, he added that these negotiations have made 'relatively good' progress. He declined to disclose the revenue target of the new electric vehicle business. He said that Foxconn plans to launch the first solid-state battery for electric vehicles in 2024, which is a large-capacity storage device that can improve existing batteries. Foxconn Taipei-listed stocks closed up 0.6% on Friday. Foxconn intends to enter the electric vehicle market, aiming to occupy 10% of the market. Statement: Some pictures and content of the articles published on this site are from the Internet. If there is any infringement, please contact to delete.