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Taiwan's Foxconn Says It's Eyeing Electric Vehicle Market

Taiwan's Foxconn aims to take a 10 per cent market share in the electric vehicle segment globally between 2025-2027. The company is in talks with other carmakers for future cooperation.

Foxconn is a major supplier to Apple Inc and is looking at growth in newer sectors like electric mobility expand View Photos
Foxconn is a major supplier to Apple Inc and is looking at growth in newer sectors like electric mobility

Foxconn Chairman Liu Young-way said on Friday the company hopes to take 10 per cent of global market share for electric vehicles between 2025-2027, and that it has been in talks with multiple carmakers for future cooperation.

"We want to push Taiwan's EV industry to the world," he said in Taipei.

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Foxconn, best known globally as a major supplier to Apple Inc, is looking at new growth from sectors such as electric vehicles, digital health and robots in a drive to diversify its global investments.

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