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’ EVs 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 as the Model C, was designed with Italian house Pininfarina SpA. The crossover has a full-length glass roof and a range of 280 miles on one charge, the company said.
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