and posted in Technology
foxconn-electric

Foxconn Technology Group has unveiled its first electric vehicles, a significant achievement that could bolster the Taiwanese electronics company’s credentials in the serious bidding process for a covert Apple Inc auto project. .

Today, Monday, the company launched the first models of four-wheel drive and saloon vehicles that the manufacturing company plans to produce for consumers in the automotive sector, instead of selling them under its brand name.

Executives, including Hong Liu, president of Hon Hai Precision Industry, the main unit of Foxconn, unveiled the vehicles at a Technology Day event in the Taiwanese capital, Taipei.

Foxconn is the largest assembler of iPhone devices, which gives it the advantage of being a potential partner in the field of manufacturing Apple cars at a time when the American company is considering expanding its business into the field of cars. By the end of last September, Foxconn had approved $280 million in spending to buy the auto plant of the struggling startup Lordstown Motors Corp. located in Ohio, USA.