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Foxconn entering the field of EVs

Foxconn doesn’t build cars but smartphones for Apple or components for computers. Until now. Now the electronics company from Taiwan follows other technology companies into the Chinese EV market. Foxconn signed a partnership with two car companies within a few days. In early January, the iPhone contract manufacturer announced a collaboration with stumbling electric start-up Byton. Foxconn would help Byton set up mass production of its first car – a connected electric sport utility vehicle named M-Byte – and provide “industrial resources and expertise in advanced manufacturing technology,” both companies said. Foxconn Chairman Young Liu touted his company’s entry into Byton as “proof of our commitment to transforming the traditional auto industry.” Byton has had a completed factory at its Nanjing headquarters since 2019, just waiting to finally ramp up.

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