Foxconn announces aggressive EV plan, including a want to build EVs for Tesla

During Foxconn‘s annual Tech Day, Chairman Liu Young-way re-confirmed the company aims to have five per cent of the EV market by 2025.

The aggressive plan will see the tech giant partner with EV companies to build vehicles through joint ventures. Foxconn, of course, already assembles various consumer electronics, including the Apple iPhone.

This is not out of left field; the company has already unveiled three EV prototypes and is already working with auto companies. We have already seen partnerships with Taiwan-based Yulon Motor Co and US-based Fisker Inc.

At Tech Day, Liu said he even hopes his company can one day build EVs for Tesla:

“Based on our past records for the PC and cellphone markets … we’re at about 40-45% of the overall market share. So, ambitions-wise, hopefully we are able to achieve the same kind of achievement like in the ICT (information and communications technology) industry, but we will start small, which is about 5% in 2025… I hope one day we can do Tesla cars for Tesla.” (via Reuters)

We haven’t seen much in terms of leaks about Foxconn’s negotiations around the world. However, the company confirmed at Tech Day they are currently negotiating with partners in Indonesia and India.

Tesla did not comment on the quote, nor did it confirm or deny they have had discussions with Foxconn.

Foxconn shows off the Model B EV ahead of October 18th reveal

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