Foxconn to build Electric Vehicle (EV) factories in the US and Thailand
Foxconn, on Thursday said it will build electric vehicle manufacturing facilities in the U.S. and Thailand next year, as the key iPhone assembler accelerates efforts to catch the rising EV wave to offset the slowing smartphone industry, according to media reports.
Foxconn is in discussions with three states, including Wisconsin, for the EV plant,
“Our plans are to begin mass production in the U.S. and Thailand respectively in 2023,” Foxconn Chairman Young Liu told investors in an earnings call. “Other than in the U.S. and Thailand, we are also in talks with possible locations in Europe too as part of our global EV footprint strategy.”
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