Tagged: Foxconn

Foxconn aggressively carving out a niche in APAC EV industry, says GlobalData







06.08.2021: The rapid growth of electric vehicles (EVs) has transformed the traditional automotive industry business due to the merging boundaries between automotive technology, electronics and information & communication technology.

The rapid growth of electric vehicles (EVs) has transformed the traditional automotive industry business due to the merging boundaries between automotive technology, electronics and information & communication technology.

Over the past few years, technology companies, such as Foxconn have been aggressively trying to carve out a niche in the Asia-Pacific (APAC) automotive industry with their products and services in the EV

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Apple suppliers Foxconn and Nidec plan electric vehicle tie-up

Electric vehicles updates

Foxconn and Nidec have launched talks to set up a Taiwan-based joint venture next year to build motors for electric vehicles, as the two Apple suppliers make an aggressive push into the market.

Japanese manufacturer Nidec will deepen ties with Taiwan’s Foxconn — the world’s largest contract electronic manufacturer — and is planning to spend $9bn in acquisitions over the next five years to increase sales of electric vehicle motors.

“Currently. the majority of our [automotive] clients are carmakers. But in

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