FOXCONN

Company delivers first electric bus units in Taiwan

Foxconn's ambitions in the new electric vehicle market are pushing the company towards the target of 5% of the global market, which it will occupy by 2025. Meanwhile, the first real steps on this path are associated with the production of electric buses for an automobile company. municipality in Kaohsiung, Taiwan. Later, in the south of the island, Foxconn will organize the production of traction batteries.

In fact, as representatives of Apple's biggest contractor admitted in an interview with the Nikkei Asian Review feature, the company has already started supplying electric buses for the needs of Kaohsiung, a city in southern Taiwan where Foxconn will launch storage production. . cells and traction batteries based on them. The same electric buses are developed and produced here, whose total circulation will reach 30 vehicles by the end of this year (image above). It is reported that in southern Taiwan, the company will also produce stationary electricity storage systems.

Foxconn President Young Liu noted that building a complete electric bus ecosystem in Kaohsiung will allow the company to export its solutions outside of Taiwan. Rival Luxshare's ambitions to take the lead in electrical contract manufacturing do not scare Foxconn, judging by management's comments. Yang Liu even welcomes the emergence of competition, explaining along the way that for the foreseeable future, the industry will inevitably experience a wave of consolidation, and only competitive market participants will remain in it until 2025.

Foxconn also confirms that partnership plans with US-based Lordstown Motors remain in place. The Ohio plant, which Foxconn bought for its own use, will begin mass production of Endurance electric pickups in the second half of this year. Overall, Foxconn aims to control up to 5% of the global market for electric vehicle components and outsourced manufacturing services by 2025, and by 2026 it expects to increase its own revenue in this area to $35.6 billion.

Image source: Taiwan English News