New Delhi
Wisconsin (USA)
Taiwan's Foxconn has
announced that it has decided to build electric vehicles in the US
state of Wisconsin. According to a brief statement by the company, Foxconn has engaged the Wisconsin Economic
Development Corporation (WEDC) to discuss the company's plans for electric
vehicle manufacturing.
Foxconn
is optimistic about the partnership with WEDC and looks forward to ongoing
discussions.
Foxconn and electric car
manufacturer Fisker Inc said in May that, they had finalised a
vehicle-assembly deal. They did not identify a location, but Fisker's CEO said
that Foxconn's Wisconsin site could be a possibility. In June 2021 Foxconn said
that a subsidiary has invested $36 million in Gigasolar Materials Corp to
develop electric vehicle (EV) battery materials.
As per Liu Young-way,
chairman, Foxconn, the Taiwanese company aims to provide components or services
to 10% of the world's electric cars by 2025 to 2027. also vowed to lower manufacturing and other costs with
its assembling know-how as the world's largest contract electronics
manufacturer.
Source: ET Auto.com
Image Source: Google Images
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