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

flag Foxconn, known for manufacturing iPhones, is expanding into the electric vehicle (EV) market, aiming to produce four out of every ten EVs globally. flag 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. flag As tech firms increasingly enter the EV sector, Foxconn's move reflects the growing overlap between automotive and electronics industries.

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