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iPhone maker Foxconn has ambitious plans to make 5% of the world's EVs by 2025. At its annual Tech Day on Tuesday, the Taiwanese tech giant unveiled its latest 3 EVs. Foxconn might have made its name globally as the manufacturer of Apple's iPhone, but the Taiwanese company is targeting a new future; electric vehicles. At the company's annual Tech Day on Tuesday, executives unveiled the next three vehicles in that plan, including the first Taiwan-made electric pickup. However, unlike its rivals in the congested market for EVs, the group has no plans to market any vehicles under its own brand.
Lordstown Motors sold the factory to Foxconn earlier this year while Foxconn, in turn, agreed to build Lordstown’s electric pickup, the Endurance, there. Another California-based startup, Indi EV, has also agreed to have Foxconn build its car, the Indi One, there. Aside from road-going automobiles, Foxconn has also agreed to build an electric farm tractor, the Monarch MK-V, at the factory. Luxgen’s parent company, Yulon Group, and Foxconn created a joint venture called Foxtron in 2021 to develop and manufacture electric vehicles. Various Foxconn companies are part of an large industry group called the MIH, or Mobility in Harmony, consortium, which is jointly developing the basic electric vehicle engineering platform that underlies Foxconn’s electric vehicles.
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