Foxconn, iPhone manufacturer, targets major EV market share, investing billions and partnering with auto firms.

Foxconn, known for manufacturing iPhones, is expanding into the electric vehicle (EV) market, aiming to produce four out of every ten EVs globally. The company has invested $1.3 billion in auto-related acquisitions and formed joint ventures with companies like Yulon Motor and Stellantis to develop EV technology. As tech firms increasingly enter the EV sector, Foxconn's move reflects the growing overlap between automotive and electronics industries.

2 months ago
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