Foxconn's Plans to Diversify
Foxconn's plans to diversify away from its traditional role as a consumer electronics manufacturer are ambitious. The company is investing heavily in its tech know-how to offer EV contract manufacturing and produce vehicles using models built by Foxtron brand.
While the global electric vehicle market is facing slowing demand, Foxconn remains committed to the sector. The company sees the EV market as a key opportunity for growth, and is investing in its capabilities to support this market.