Foxconn iPhone Maker is reviewing plans for a U.S. electric vehicle plant

Taiwan’s Foxconn said Friday that it was in talks with the U.S. state of Wisconsin about building electric vehicles there, Apple Inc. said. part of the drive for the diversification of income streams by major suppliers.

Foxconn and Fisker Inc. electric car manufacturers said in May they had finalized an agreement to assemble the vehicles. No location was identified, but Fisker’s CEO said Foxconn’s Wisconsin site was an option. In a statement, Foxconn said it has begun discussions with Wisconsin.

(Read also | Fisker joins Apple supplier Foxconn with EV, aimed at Indian market)

“Foxconn has partnered with the Wisconsin Economic Development Corporation to discuss the company’s plans for the manufacture of electric vehicles. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions,” he added.

The company, formally called Hon Hai Precision Industry, did not provide further details. A spokesman for Wisconsin Economic Development Corp. said the agency did not give any opinion until the contract was executed.

In April, when Foxconn slashed a $ 10 billion plant planned in Wisconsin, former U.S. President Donald Trump once called it the “Eighth Miracle of the World” and confirmed it was a plan to build a vanguard flat screen. screens.

(Read also | iPhone Maker Foxconn joins Thai public company to make EVs)

A month earlier, the Foxcone president said he could make electric vehicles (EVs) at the Wisconsin site, even if decided in Mexico, and would make that decision this year. Over the past year or so, Foxcons has announced several agreements on electric vehicle production with Fisker, China’s Byton and Zhejiang Geely Holding Group and Stellantis NV’s Fiat Chrysler unit.

On Friday, Fisker said interviews with Wisconsin economic development officials were normal in the process of assessing potential plant sites. The automaker said in May that it was completed by Foxconn in 2023 to build vehicles to start electric cars at a U.S. plant at the U.S. plant and that Wisconsin was one of four options.

Foxconn aims to provide components or services to 10% of the world’s vehicles between 2025 and 2027, creating a threat to automakers, allowing technology companies to compete in the vehicle market.

This story was published without a change in text from a wireless agency feed. Only the title has changed.

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