Foxconn, one of Apple's largest suppliers, has said it will begin construction of all-electric vehicle plants in the United States and Thailand this year, with hopes of them being operational by 2023, according to a report from Nikkei Asia.
Foxconn, the world's largest contract electronics producer, on Thursday said it will build electric vehicle manufacturing facilities in the U.S. and Thailand next year, as the key iPhone assembler accelerates efforts to catch the rising EV wave to offset the slowing smartphone industry.
Foxconn has already ruled out Mexico as a location but is in negotiations with three states in the U.S. to build its first EV manufacturing plant in North America, Nikkei Asia has learned. Those include Wisconsin, which just agreed with Foxconn to amend its former plan of investing $10 billion in the state -- a promise Foxconn made in 2017.
At first, Foxconn will use the U.S. plant to build vehicles for its client Fisker, although there could be a potential expansion to serve Apple in the future.
Apple is widely reported to be working on its own vehicle and is thought to be looking for third-party companies to help it launch the Apple Car. One report vaguely referenced Foxconn as a potential candidate for the Apple Car's production, but Apple is also looking at other possible suppliers. Apple is reportedly committed to ensuring that the battery used in the Apple Car is produced in the United States, but Foxconn does not produce batteries.
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Like has been mentioned above Foxconn already said they would build a factory here years ago and never did, and if they decide to do this the iCar is going be double the cost of a Tesla.. I don’t see it .. just my opinion.
The campus that Foxxcon built in Wisconsin is impressive, even if it’s an empty shell. It’s in a perfect location for vehicle production given the close proximity to countless ancillary vehicle and industrial manufacturers, but the State of Wisconsin has a law that forbids direct vehicle sales, so it’s going to kill off the potential to build there, just to satisfy the dealership network. In my opinion, these old dealership laws are going to bite dealers in the butt, because times have changed and auto manufacturers are going to have to have a direct to consumer model as part of their business plan. The fact that Ford is realizing they need to shift to a build to order model, along with the shift to electric, is going to be more nails in the coffin for old-school dealerships.
State of Wisconsin has a law that forbids direct vehicle sales, so it’s going to kill off the potential to build there, just to satisfy the dealership network. In my opinion, these old dealership laws are going to bite dealers in the butt, because times have changed and auto manufacturers are going to have to have a direct to consumer model as part of their business plan.
Right?! And seriously, we’re talking about probably the most detested of all sales people. I know no one who stands around and says “Man, I really can’t wait to talk to the car salesman this weekend!” People will jump at the opportunity to buy direct.
(No offense to any car salesmen here — I’ve met a few who are lovely people)
