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TOKYO—If Jack Cheng has his way, any company will be able to make its own car or truck, even if it doesn’t have suppliers, blueprints or factories. They could do it, he says, by outsourcing—the same business model that has been widely adopted in consumer electronics. Companies including Sony and Apple realized decades ago that it was easier to hand production of PlayStations and iPhones over to contract-manufacturing giants such as Taiwan’s Foxconn Technology Group .
Persons: Jack Cheng Organizations: Companies, Sony, Apple, Foxconn Technology Group Locations: TOKYO
Look for opportunities, says YCH Group's chairman
  + stars: | 2023-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook for opportunities, says YCH Group's chairmanCNBC's Christine Tan speaks with Jack Cheng, CEO of MIH Consortium, a Foxconn initiative, and Robert Yap, chairman of YCH Group, about the geopolitical risks and opportunities that are there for their businesses.
Persons: YCH, CNBC's Christine Tan, Jack Cheng, Robert Yap Organizations: MIH Consortium, YCH
[1/3] Mobility in Harmony (MIH) Chief Executive Officer Jack Cheng speaks at an interview with Reuters at the headquarters of Foxconn's EV platform unit in Taipei, Taiwan July 27, 2023. India and Thailand are likely contenders for production sites, he said, adding that he expected India to be crucial to MIH's longer-term growth. "I'm building another Shanghai, probably in India," Cheng said. "If this is a Foxconn plant, fantastic, it's the mother company, we put it into the Foxconn plant. If this is a local India plant and it's even more competitive, give it to the India plant."
Persons: Jack Cheng, Ann Wang, MIH, Cheng, Foxconn, Sarah Wu, Kevin Krolicki, Jamie Freed Organizations: Reuters, Foxconn's, REUTERS, EV, PTT, NIO, HK, Foxconn, Thomson Locations: Taipei, Taiwan, TAIPEI, India, Thailand, Southeast Asia, EVs, China, Shanghai
Foxconn electric vehicle alliance plans boxy three-seater
  + stars: | 2022-11-08 | by ( Sarah Wu | ) www.reuters.com   time to read: +2 min
TAIPEI, Nov 8 (Reuters) - Foxconn-led (2317.TW) electric vehicle consortium MIH announced plans on Tuesday for its first car, a boxy single row three-seater which it hopes will be popular with one-child families in Asia. Betting on strong demand in Asian markets for smaller electric cars, MIH Consortium plans to build its first car, which it calls Project X, in 2023 and start mass production the following year, though no customers have been confirmed, the company said. "Build your own vehicle with Project X," Cheng said, referring to the car's modular design. MIH is eyeing not only Taiwan, but also India, Thailand, Indonesia and Japan as prospective markets for the three-seater. "The American market tends towards large cars," Cheng told reporters, adding that this model would suit a single-child family.
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