iPhone maker Foxconn wants to build 5% of the world's EVs by 2025 and just launched its latest 3 models. Take a look.
Stephen Jones
- iPhone maker Foxconn has ambitious plans to make 5% of the world's EVs by 2025.
- At its annual Tech Day on Tuesday, the Taiwanese tech giant unveiled its latest 3 EVs.
Foxconn might have made its name globally as the manufacturer of Apple's iPhone, but the Taiwanese company is targeting a new future; electric vehicles.
At the company's annual Tech Day on Tuesday, executives unveiled the next three vehicles in that plan, including the first Taiwan-made electric pickup.
At its annual shareholder meeting in May, chief executive Liu Young-Way had already underlined just how seriously the company takes its ambitions. He said he wanted the company to account for 5% of the global market within three years, per the Washington Post, a market equivalent to $31 billion.
However, unlike its rivals in the congested market for EVs, the group has no plans to market any vehicles under its own brand. Foxconn, which is also known as Hon Hai Technology Group, instead plans to design and build EVs from the chassis up, on behalf of clients, who will then market the cars under their own brands.
See what the three latest models look like.
The MODEL C
The MODEL C was first unveiled as a prototype vehicle last year but is now set to go into production and will hit the road during the second half of 2023, Foxconn said, in a release.
The EV will be sold by Yulon Motor under the name Luxgen n7, per The Washington Post. The five-seat SUV has a range of 440 miles. No price was revealed.
The MODEL B crossover
The concept prototype MODEL B is the "mainstream for the younger generation," Foxconn said. Primarily designed for urban use, the compact has a cruising range of 279 miles.
The crossover is based on the MODEL C platform, but has changes to its body and size, Foxconn said.
Foxconn founder Terry Gou introduced the MODEL B by driving it onto the stage at the event, per Bloomberg.
The MODEL V electric pickup
This will be the first electric pickup made in Taiwan, the company said.
The five-seat double cab EV, displayed in a metallic blue tinge, has a towing capacity of three tons. The company did not reveal details as to the range of the battery in its release.
The three vehicles are in addition to three electric vehicle prototypes announced in October 21 — The MODEL T, an electric bus, an SUV, and what was at the time, the MODEL C prototype.
In February of that year, Foxconn also announced a deal with the US auto startup Fisker to manufacture 250,000 vehicles a year from 2023.
Foxconn did not immediately respond to Insider's request for further comment.
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