- 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.
- See details of the three EVs, including an electric SUV and an electric pickup.
Foxconn may have made a global name for itself as the manufacturer of Apple’s iPhone, but the Taiwanese company is aiming for 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.
At his annual shareholders’ meeting in May, CEO Liu Young-Way had already emphasized how seriously the company takes its ambitions. He said he wanted the company to account for 5% of the global market within three years, according to the Washington Post, a market equivalent to $31 billion.
However, unlike its rivals in the congested EV market, the group has no plans to market vehicles under its own brand. Foxconn, also known as Hon Hai Technology Group, instead plans to design and build EVs from the chassis on behalf of customers, who will then market the cars under their own brand.
See what the three newest models look like.