Largest iPhone producer Foxconn on Wednesday broke floor on its first battery cell plant within the southern Taiwanese metropolis of Kaohsiung, the media reported.
The transfer got here after the corporate stated it goals to change into the primary EV maker that’s “not quick on materials provides.”
“We plan to construct a localised ecosystem for the battery provide chain, from supplies to battery cells and battery packs, in Kaohsiung,” stated Foxconn Chairman Young Liu, reviews Nikkei Asia.
“Town will change into an necessary base for Foxconn’s EV world footprint”.
Foxconn goals to seize practically 5 per cent of the worldwide EV market by the top of 2025.
Foxconn has additionally agreed to pursue a contract manufacturing settlement to assemble Lordstown Motors’ first product, an all-electric pickup truck known as the Endurance.
In the meantime, Apple has additionally employed veteran Ford govt Desi Ujkashevic, because the iPhone maker plans to launch an electrical automobile in 2024.
Ujkashevic, who’s Ford’s world director of security engineering, will be part of Apple to assist it develop a completely electrical autonomous automobile.
The iPhone maker has partnered with a South Korean firm to develop the autopilot chip for its automobile.