Foxconn could begin manufacturing electric vehicles at its Wisconsin plant in 2023. The company will decide in July on whether to base its EV manufacturing in Wisconsin or Mexico.
- Last month, Chairman Young Liu said Foxconn will reveal "Two light vehicles designed using Foxconn’s platform" in Q4 2021 and has plans to launch an electric bus.
- In October, Foxconn revealed its EV chassis and a software platform to help automakers bring their vehicles to the market quicker. It's seeking a 10% share of the global electric car platform market by 2025.
- In 2017, Foxconn pledged to invest $10B in an LCD flat panel plant in Wisconsin it claimed would create 13,000 jobs. However, this never materialized.
- Despite Foxconn's desire to reduce its dependence on Apple, Bloomberg reports the tech giant could partner with Foxconn for its electric Apple car.