“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.

OTHER STORIES

• Binance leaves the Netherlands and is under investigation in France.

• It’s enough already! Ewes have historically been treated disrespectfully. Spokesperson for Nogokpo

• Ben Boakye claims that the government has been dishonest about its faltering gold-for-oil strategy.

• Woman curses lover following DNA test results: “You can never become pregnant in your entire life.”

• Hajia4real: Is She Married? Biography, Net Worth, Nationality, Family, Age, Real Name, And Marital Status Of Hajia4real