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Home News Auto News Foxconn: From iPhone to Electric Vehicles Foxconn: From iPhone to Electric Vehicles Auto News Ferdinand | October 17, 2020 08:56 pm With the speed at which the electrification charge is moving at present, if you want to be a major player, you'll have to go big and big Foxconn has just done, they want a 10 percent share of the EV market by 2025. There are contrasting reports of what the EV market pie size will be in 2025 but according to a report by Valuates Reports the EV market is expected to reach USD 802.81 Billion in 2027. Image credit to Autonews.com So what exactly is Foxconn's go-to-market strategy here? The Taiwanese electronics manufacturers have built an automotive EV platform that they have described as 'open-source' meaning it is customizable to fit the needs of any manufacturer. Size, wheelbase, suspension setting and battery size will all be customizable. Foxconn however would assemble it for you, which does somewhat go against the spirit of open-source but this might be a viable solution for automakers just getting into the EV market. Foxconn also plans to introduce a solid-state battery for EVs in 2024 which they claim will be superior to what is available today. Foxconn is already a supplier to Tesla currently and in January of this year, Fiat Chrysler Automobiles went into a joint-venture with Foxconn to build EVs in China. According to the chairman of Foxconn they are in talks with multiple automakers about future partnerships. Sadly closer to home, no moves are being made towards building up Malaysia either as a hub for EVs or an authority in all matters concerning electrification. Our neighbour Singapore with a much smaller land mass than us has announced that Hyundai will be building the Hyundai Motor Group Innovation Center in the Jurong Innovation district that will be focusing on the development of AI, ICT, big data, autonomous vehicles and urban air mobility. A $400 Million investment. But at least we have MARii, MGTCC, MoSTI, MoT, MESTECC - tapi apa diorang buat kita pun tak sure lah. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags EV Electrification Hyundai Foxconn tesla Print Related News Is Malaysia Already Falling Behind In The Electric Race? Insights Jim Kem | September 30, 2020 While we have a spotty network of public charging stations to match our scarred roads and a prohibitive EV road tax structure that makes no sense, ... Here Are All The Game-Changing EV Manufacturers Trying To Conquer Future Mobility Auto News Arvind | July 17, 2020 The next 10-years will see more innovation and game-changing technology than in the last 100 years of the automobile. Overdrawn, and slightly ... Here's How Tesla’s “Million-Mile” Battery Could Change the EV Game Forever Insights Gokul | June 17, 2020 When it comes to getting an electrified vehicle, the biggest concerns are always the lifespan of the battery pack, the cost of replacing the battery ... Foxconn Plans To Build Chip Factory for EVs in Malaysia Electric Vehicle EV Sep Irran Halid | June 14, 2022 Taiwanese manufacturing giant and key iPhone assembler, Foxconn, will be building a new chip production facility right here in Malaysia and they're ... Comments
Foxconn: From iPhone to Electric Vehicles Auto News Ferdinand | October 17, 2020 08:56 pm With the speed at which the electrification charge is moving at present, if you want to be a major player, you'll have to go big and big Foxconn has just done, they want a 10 percent share of the EV market by 2025. There are contrasting reports of what the EV market pie size will be in 2025 but according to a report by Valuates Reports the EV market is expected to reach USD 802.81 Billion in 2027. Image credit to Autonews.com So what exactly is Foxconn's go-to-market strategy here? The Taiwanese electronics manufacturers have built an automotive EV platform that they have described as 'open-source' meaning it is customizable to fit the needs of any manufacturer. Size, wheelbase, suspension setting and battery size will all be customizable. Foxconn however would assemble it for you, which does somewhat go against the spirit of open-source but this might be a viable solution for automakers just getting into the EV market. Foxconn also plans to introduce a solid-state battery for EVs in 2024 which they claim will be superior to what is available today. Foxconn is already a supplier to Tesla currently and in January of this year, Fiat Chrysler Automobiles went into a joint-venture with Foxconn to build EVs in China. According to the chairman of Foxconn they are in talks with multiple automakers about future partnerships. Sadly closer to home, no moves are being made towards building up Malaysia either as a hub for EVs or an authority in all matters concerning electrification. Our neighbour Singapore with a much smaller land mass than us has announced that Hyundai will be building the Hyundai Motor Group Innovation Center in the Jurong Innovation district that will be focusing on the development of AI, ICT, big data, autonomous vehicles and urban air mobility. A $400 Million investment. But at least we have MARii, MGTCC, MoSTI, MoT, MESTECC - tapi apa diorang buat kita pun tak sure lah. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags EV Electrification Hyundai Foxconn tesla
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Is Malaysia Already Falling Behind In The Electric Race? Insights Jim Kem | September 30, 2020 While we have a spotty network of public charging stations to match our scarred roads and a prohibitive EV road tax structure that makes no sense, ...
Here Are All The Game-Changing EV Manufacturers Trying To Conquer Future Mobility Auto News Arvind | July 17, 2020 The next 10-years will see more innovation and game-changing technology than in the last 100 years of the automobile. Overdrawn, and slightly ...
Here's How Tesla’s “Million-Mile” Battery Could Change the EV Game Forever Insights Gokul | June 17, 2020 When it comes to getting an electrified vehicle, the biggest concerns are always the lifespan of the battery pack, the cost of replacing the battery ...
Foxconn Plans To Build Chip Factory for EVs in Malaysia Electric Vehicle EV Sep Irran Halid | June 14, 2022 Taiwanese manufacturing giant and key iPhone assembler, Foxconn, will be building a new chip production facility right here in Malaysia and they're ...