Foxconn to build EV plants in US and Thailand, production will start in 2023

Foxconn to build EV plants in US and Thailand, production will start in 2023

Foxconn, the electronics manufacturing acceptance industry, has announced that it will build electric vehicle factories in the United States and Thailand. Foxconn (Kokai Technology Group) is a company that used to manufacture PC motherboards such as Apple, HP, and Dell, and now undertakes the production of mobile devices such as the iPhone. Nintendo Switch, PlayStation, and Xbox are also assembled at Foxconn’s factory.

However, they are products in the so-called “light electricity” field. Foxconn has never had an image of the “high voltage” field, which uses electricity with high voltage and large current as power instead of light electricity that treats electricity as a signal.

However, for the past year or so, Foxconn has been working on the expansion into electric vehicles, such as Stellantis, which was formed by the merger of Fiat Chrysler (FCA) and Group PSA including Peugeot and Citroen, and Geely of China. They are announcing transactions with manufacturers such as Byton.

And that effort seems to be getting more serious. Foxconn has now revealed to investors plans to build new electric vehicle plants in the United States and Thailand in 2022 and start production in 2023. In addition to this, it said that there are plans to build a factory in Europe as well.

The plant in the United States will be in charge of vehicle production for EV companies such as Fiscar. In May, Fiscar announced the launch of a project called “Project PEAR” in collaboration with Foxconn.

The project plans to start production of electric vehicles by the end of 2023 and share their sales. According to Nikkei Asia, Foxconn is consulting and discussing the construction of factories in three states in the United States.

On the other hand, the factory to be built in Thailand will be a joint venture with Thai state-owned company PTT Public Company, and will build a platform to produce parts necessary for EV in addition to EV itself. increase.

The platform will build a cost-effective EV manufacturing solution based on Foxconn’s industry alliance “MIH”. The EV plant is planning to set up a production system of 200,000 units a year.

Rachel Maga
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life's biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.