iPhone maker also wants to produce Tesla cars

One of the largest iPhone manufacturers Liu Young-way, leader and CEO of FoxconnOne day, as his company expands into the field of transportation, Being in a position to produce electric cars for Tesla hopes. Liu said these remarks were the result of two new Foxconn electric car prototypes (which he hopes will serve as reference designs for companies looking to outsource production of their EVs). Model B crossover and Model V pickup truck) in the presentation.

In statements reported by the Financial Times, Liu said at the annual tech day “ Foxconn is not in the business of selling its own MESKEN brand” he said and added: I hope one day we can make Tesla cars for Tesla.“

The company has great aims in the field of MESKEN, where it has taken a new step. In comments reported by Reuters, the CEO said ” Based on our past records in the computer and mobile phone markets, we are in approximately 40-45% of the overall market share. So, from a purpose standpoint, I hope we can achieve a similar success in the ICT (information and connectivity technology) industry, but in 2025 we will start small at about 5%.“

The announcement of the two new designs comes a year after Foxconn unveiled three prototype electric vehicles: a Model C SUV, a Model E sedan and a Model T bus. According to the Associated Press, the Taiwanese car manufacturer Yulon,Model C next year It plans to sell it when it will be branded as the Luxgen N7.Reuters states that electric buses manufactured by the company are already in use in Taiwan.

Liu’s hope is that Foxconn will be able to apply its technology manufacturing expertise to car production, cut design times in half and cut development costs by a third, according to Reuters.

Despite Foxconn’s massive size, some of its past projects have failed to deliver on what was promised. For example, a massive multibillion-dollar LCD factory planned for Wisconsin never really materialized despite the billions of tax credits promised, displaced residents, and water diverted from Lake Michigan.

You can quickly watch the promotional footage of the Model V below…