Business
iPhone assembler Foxconn sets up auto arm as Apple car looms – Sydney Morning Herald
An Apple car would rival electric vehicles from Tesla and offerings from manufacturers like Daimler and Volkswagen.
Foxconn, whose main listed arm is Hon Hai Precision Industry, in October unveiled its first-ever EV chassis and a software platform aimed at helping automakers bring models to the market faster. It plans to deliver its first development kit in April, with Hon Hai Chairman Young Liu saying EV-related business in the first half will be “very good”. Meanwhile, Foxconn’s key unit Foxconn Technology is reportedly expanding a plant to develop automotive metal parts.
Earlier this month, Foxconn signed…
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