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Foxconn Creates Modular Construction Kit For Electric Vehicle Developers And Targets 10% Market
sixteen.10.2021 [13:24],
Vladimir Mironenko

Taiwanese contract manufacturer Hon Hai Precision Industry (Foxconn brand), well known for contract manufacturing for Apple products, intends to supply components and services for electric vehicles, aiming to provide 10% of the global electric vehicle market demand by 2025-2027.

REUTERS / Ann Wang

Chairman Young Liu, who said Friday, said the company is looking to diversify its global investments with plans to expand its presence in sectors such as electric vehicles, digital health and robots.

In this regard, Foxconn introduced the so-called “MIH Open Platform”. Basically, it is a set of tools that allows you to design electric vehicle components that Foxconn will produce. From SUVs to sedans, automakers will be able to customize and customize their vehicles from wheel spacing to battery capacity. Foxconn calls its platform “modular”, which means that some components can be replaced and updated at a later date.

“We want to bring Taiwan’s electric vehicle industry to the world,” Liu said in a speech. “Hon Hai should prepare our open platform as soon as possible. We need to act quickly to capture market share, ”he stressed.

According to the head of Foxconn, the company will work with several automakers to achieve the goal of providing components for 10% of the global electric vehicle market, which is about three million electric vehicles. At the same time, the head did not give details, referring to the ongoing negotiations on this matter.

Building on this idea, Foxconn CEO William Wei added that the company’s goal is to become Android for electric vehicles. “We see this as our mission,” he said.

Along the way, Foxconn will offer software that developers of electric cars can use. It applies to mission-critical functions and self-driving vehicles. In addition, Foxconn said it plans to release a solid-state battery for cars in 2024.

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