Foxconn considers making electric cars in Wisconsin
Foxconn, the world's largest electronics contract manufacturer, is considering producing electric vehicles in Wisconsin, USA as early as 2023. The company is seeking to reduce its dependence on Apple.
On Tuesday, Foxconn Chairman Young Liu told reporters in Taipei that the company will decide whether to establish its electric vehicle production base in Wisconsin or Mexico by July. With declining profits from smartphones, Foxconn is venturing into the electric vehicle market.
The move to produce electric vehicles aligns with Foxconn's strategy to diversify its business beyond electronics manufacturing. By entering the electric vehicle market, the company aims to tap into the growing demand for sustainable transportation and leverage its manufacturing expertise.
Wisconsin, where Fox...