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Foxconn sets sights on building EVs in Europe, India, Latin America

TAIPEI — Taiwan tech giant Foxconn is looking at building electric vehicles in Europe, India and Latin America, including “indirectly” cooperating with German automakers, Chairman Liu Young-way said.

Foxconn aims to become a major player in the global EV market and has clinched deals with U.S. startup Fisker and Thailand’s energy group PTT PCL.

Speaking to reporters at a business forum in Taipei on Wednesday, Liu said that due to disclosure restrictions he could not provide any details of its plans for Europe, India and Latin America.

“Europe will be a bit faster, I agree with that. But as to where, I can’t tell you,” he said.

Asked if they would be cooperating with German automakers he said “indirectly,” adding that the timeline would be Europe first, then India and Latin America, with Mexico “very possible.” Liu has previously mentioned Mexico as a possible EV production site.

Foxconn unveiled three EV prototypes on Monday — the Foxtron Model C crossover, Model E flagship sedan, which was jointly developed with Italian company Pininfarina, and the Model T urban bus.

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