Foxconn plans to construct EV factories within the US and Thailand in 2022 – TechCrunch

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Foxconn is getting extra critical about its electrical automobile ambitions. The corporate advised traders throughout an earnings name that it plans to construct EV factories within the US and Thailand in 2022 and begin mass producing autos the next yr. Chairman Liu Younger-way mentioned the corporate can also be in talks concerning doable places for crops in Europe.

At its US facility, Foxconn will construct autos for EV shoppers together with Fisker. The businesses , and Foxconn plans to begin making Fisker EVs by the top of 2023. The 2 are collectively investing within the Venture Pear automobile and can share income from it.

Foxconn is in discussions with three states, together with Wisconsin, for the EV plant, in response to Nikkei. Earlier this yr, Foxconn for its present facility in Wisconsin. Liu has additionally prompt Foxconn might construct EVs on the .

The deliberate Thai manufacturing facility will kind a part of Foxconn’s three way partnership with oil and gasoline conglomerate PTT. The 2 are engaged on a platform for EV and element manufacturing. Liu mentioned Foxconn plans to construct as much as 200,000 EVs at that plant every year.

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