As US-China relations deteriorate, iPhone manufacturer Foxconn will transition to the automotive industry.
“Regionalized production for cars is very natural,” he continued. “You can’t make [EVs] in one place.” According to him, Foxconn will have automotive plants in Ohio, Thailand, Indonesia, and possibly even India.
For the time being, the business will continue to concentrate on creating electrical items for customers. Foxconn will likely offer the same services to customers who drive electric vehicles in the not too distant future.
In any case, Mr. Liu believes that Foxconn’s push into electric automobiles would help it diversify its production and supply chains, which are both crucial to the company’s future.
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