Logo of Foxconn Photo: VCG

 

Apple iPhone assembler Foxconn Group unveiled its three new electric vehicles on Monday, showing its auto ambitions.
  
Last year, the group announced its plan to develop electric vehicles. This year, it has established an electric vehicle supply chain and outlets at an average rate of one cooperation case every month, and has also demonstrated the group's achievements in new energy vehicles, according to Young Liu, chairman of Foxconn’s flagship unit Hon Hai Precision Industry Co.

The three new models are an SUV, a sedan and a bus, which are produced by Foxtron, a joint venture between Hon Hai and Taiwan Yulon Motor Co.
 
Hon Hai is ready and is no longer a newcomer, Liu said at the birthday party for Terry Gou, founder of the group, which was also the launch ceremony.
 
Hon Hai this month bought a factory from the American start-up Lordstown Motors to produce electric cars.
 
In August, the company purchased a chip factory in Taiwan to meet future demand for automotive chips.
 
Hon Hai has also set a goal to provide parts or services for 10 percent of the world's electric vehicles between 2025 and 2027, according to Reuters.