Foxconn Unveils Pickup, Crossover Models to Expand EV Lineup
Foxconn Technology Group took the wraps off two new electric vehicles on Tuesday, prototypes that embody the iPhone maker's ambitions of carving out a slice of a market led by the likes of Tesla Inc.
The company, whose main listed arm is Hon Hai Precision Industry Co., unveiled the Model B crossover SUV and Model V pickup truck at its event in Taipei. Foxconn founder Terry Gou, 72, introduced the Model B by driving it onto the stage. The pickup will be produced in Taiwan, Thailand and the US, Hon Hai Chairman Young Liu said.
Foxconn is hoping to replicate the way it muscled into electronics assembly to become the biggest manufacturing partner for Apple Inc. and other global brands. It's aiming to build clients' electric vehicles from the chassis up, with no plans to sell vehicles under its own brand.
“After we announced our plans to build EVs in 2020, many people questioned whether Foxconn can build cars,” Liu said. “Then when we unveiled three models a year later, everyone thought, ‘wow, how did they manage to develop three models in just a year?' That's the speed we're operating at.”
None of the cars Foxconn has unveiled so far are destined to go on sale to consumers but are reference designs, intended to show off the company's capabilities to potential big-brand clients. The Model C prototype introduced previously is now a production vehicle that is branded as the Luxgen n7 by Taiwanese automaker Yulon Group.
Liu said Foxconn's expertise in managing supply chains gives it an advantage in developing new models faster than rivals. Asked when Foxconn's production volumes will surpass those of Tesla, Liu said he hoped Foxconn would one day manufacture cars for the US giant.
The Model B, which uses the same platform
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