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According to media reports, Foxconn parent company Foxconn said it will continue to deploy the electric vehicle strategy, and the relevant capital investment is expected to be about 20 billion New Taiwan dollars (4.6 billion yuan) next year. Among them, Hon Hai's LiDAR products are ready and are expected to be mass produced in the second half of next year. It also plans to expand its plant in Mexico in the first half of next year and launch an electric car project in the Middle East in the second half of next year.

Liu Yangwei, chairman of Foxconn, said that if the annual production line of electric cars exceeds 120000 to 150000 units, there is a chance to start making money when the market is concerned about when Foxconn's electric cars will be profitable.

It is worth noting that on October 18, Foxconn parent company Foxconn held a Technology Day in Taiwan, China, officially unveiling the pure electric vehicle brand Foxtron, as well as three new cars, namely, the all-electric sedan Model C, the all-electric SUV Model E and the electric bus Model T. It is understood that Model C models are built for general household users, while Model E models are positioned as medium-and high-end luxury cars for business customers. Model T is an electric bus.

Liu Yangwei, chairman of Foxconn, said at the press conference at that time: "in the past year, we have completed a cooperative project almost every month to ensure our supply chain capacity and the potential market for electric vehicles." We are no longer new to this field. " In addition, Liu Yangwei also revealed that Foxconn's goal is to achieve annual revenue of NT $1 trillion (US $35.78 billion) related to electric vehicles by 2026, which is a goal that must be achieved. "

For Foxconn car-building, Foxconn has been involved in the field of electric vehicles as early as 2005. In 2005, Foxconn bought a 100% stake in Taiwan's Antai Electric for 360 million yuan to enter the field of electric vehicles. In 2013, Foxconn became a supplier to BMW, Tesla, Mercedes-Benz and other car companies. In 2016, Foxconn invested in Didi to enter the ride-hailing industry. In 2017, Foxconn invested in Ningde era and entered the battery field.

In January this year, Baiteng signed a strategic cooperation framework agreement with Foxconn Technology Group and Nanjing Economic and technological Development Zone. The three parties will work together to promote mass production of Baiteng new energy vehicle products and strive to achieve mass production of M-Byte by the first quarter of 2022. However, in the later period, due to the deteriorating financial situation of Baiteng, the cooperation project between Foxconn and Baiten has been shelved. On September 14, Foxconn parent company Hon Hai announced that it had formally signed a joint venture with Thai National Oil Company to produce electric cars and build a new factory in Thailand. On Nov. 11, Foxconn paid $230 million for a former GM plant.

Judging from the progress of Foxconn's foray into the field of electric cars, Foxconn is indeed moving forward. Although Foxconn has strong advantages in hardware and industrial manufacturing, it is still lacking in the intelligent software research and development of electric vehicles, and it is still unknown whether Foxconn can stand firm in the field of new energy vehicles in the future. Some industry insiders said that Foxconn set radical goals more in order to attract more attention in the automotive industry, in order to stimulate more cooperative customers.

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