Foxconn pivot from Apple – readying to supply cars, chips, batteries to global automakers | Forexlive

Reuters have the report that CEO of Foxconn Liu is transforming the leading contract producer of electronics towards becoming a major player in electric vehicles.

• Foxconn is preparing to provide cars to international brands along with the electronics and batteries that power them.
• by 2025 Liu hopes to hold 5% of the global electric car industry and bring in T$1 trillion ($32.6 billion) annually, or around 15% of Foxconn’s anticipated 2022 top line

More at that link to Reuters above.