#MITSUBISHIMOTORS
The Chinese company that makes the iPhone plans to produce an EV for Mitsubishi Xi
Foxconn, the Chinese company that makes iPhones, has announced plans to produce EVs for Japanese automaker Mitsubishi Motors.
According to the same principle, Foxconn will jointly design and build cars for Mitsubishi in Taiwan.
According to Foxconn, it hopes to produce a new model by the end of next year.
This is Foxconn's first foray into the highly competitive EV industry.
If Mitsubishi manufactures EVs, its main Chinese competitors and Southeast Asia, South America and Europe have to compete in the market.
Cars for Mitsubishi will be assembled at Foxton, a joint venture with Taiwanese automaker Yulon Motor.
Regarding the current car production, there is no official agreement yet.
The companies involved in the production of the car must hold discussions to reach a final agreement, he said.
Foxconn is the world's largest electronics manufacturing company. In order to enter the Foxconn car manufacturing business, he said that he had considered buying the Japanese car company Nissan and jointly producing it.
Mitsubishi Motors is a junior partner with Nissan and French car company Renault.
In recent years, China's car production has improved, and China has come second in the EV market, so China-based companies are focusing on car production.
Currently, car companies in the world are trying hard to compete with China's BYD in the market.