As US-China relations deteriorate, iPhone manufacturer Foxconn will transition to the automotive industry.

iPhone on wheels

Additionally, Mr. Liu is hopeful that Foxconn’s newest big wager—electric vehicles—will be fueled by that experience.

He pointed to a panel that controlled the vehicle he had taken us for a ride in and remarked, “Look at this — this is a big iPhone, so we’re very familiar with this.”

The gleaming white SUV is one of many models produced by Foxconn and is designed for families and priced for a growing global middle class.

“The standard gas engine has engines that are primarily mechanical, therefore we believe this is a tremendous potential for us. However, with EVs, it’s just the motors and batteries, he explains.

Foxconn chairman Young Liu with one of the company's electric cars.

He continued, “That is a language that a technology company like Foxconn is familiar with.”

In the coming years, Foxconn intends to take 5% of the global electric car market, which is an ambitious goal given that the company has only produced a small number of vehicles so far. But Mr. Liu is certain that the gamble will be profitable.

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