German Manager Magazin: Foxconn: New electric car – now comes the partnership with Nissan? 003957

The Taiwanese electronic giant Foxconn, known as a long -time great contractor for Apple, pushes increasingly into that Electric car production business 

. Foxconn boss Young Liu (69) confirmed that his company in cooperation with the troubled Japanese car manufacturer Nissan is interested. However, he rejected speculation about Nissan’s takeover.

Foxconn also negotiates with the Nissan major shareholder Renault About a joint development of products. Neither Nissan nor Renault wanted to comment on Lius. There is currently a lot of movement on the Japanese car market. Nissan and Honda wanted Fuse the third largest car manufacturer in the world, the However, the mega project threatens to fail.

Meanwhile, Liu makes it clear that Foxconn has no interest in producing vehicles under its own brand name. Instead, development and manufacturing capacities are offered.

Foxconn is primarily known as the contract manufacturer of Apple’s iPhones. The company from Taiwan, which is officially closed as Hon Hai Precision Industry In the meantime, however, it also pushes to other continents and to further industries 

. An important field: electric cars. Foxconn has already presented its own designs for electric cars and produces models for other companies.

Foxconn: Expansion of the empire

In October the company terminated Plans for the construction of a mega factory in Mexico, in the server with chips for artificial intelligence (AI) of the semiconductor giant Nvidia should be manufactured. Foxconn also presented two new designs for electric cars that are added to the six other models that the company will build for other companies.

However, the dependence on Apple remains high. Most recently, Foxconn reported a record sales of $ 65 billion for the fourth quarter, 15 percent more than in the previous year. The electronic giant with orders for Apple generates around 60 percent of its income.

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