Foxconn hitches bumpy ride with electric vehicles

Yulon Motor Co

09/11/2020 02:26

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Katrina Hamlin
    HONG KONG, Nov 9 (Reuters Breakingviews) - The $39 bln
iPhone-assembler wants to supply parts for 10% of the world’s
green cars by 2027. The stakes are high as the company weans
itself from a dependency on Apple. Founder Terry Gou’s
electronics expertise and deep pockets, though, puts it in a
strong starting position. 
    Full view will be published shortly.
    On Twitter https://twitter.com/KatrinaHamlin

    CONTEXT NEWS
    - Hon Hai Precision Industry’s October sales rose 2.8% to
T$613 billion ($21.5 billion) from a year earlier, the company
said on Nov. 5. 
    - Hon Hai, which is also known as Foxconn, aims to provide
components or services for 10% of the world's electric vehicles
by between 2025 and 2027, and has been in talks with multiple
car manufacturers for future cooperation, Chairman Liu Young-way
said on Oct. 16.  
    - For previous columns by the author, Reuters customers can
click on  HAMLIN/  
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($1 = 28.5180 Taiwan dollars)


($1 = 28.5590 Taiwan dollars)

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Apple assembler Foxconn aims to supply to about 3 million EVs by
2027     urn:newsml:reuters.com:*:nL4N2H717K
BREAKINGVIEWS - Foxconn leaves room for governance improvement  
  D-REUTERSNEWS-T005/Ia0f2b8408c2911e98151ced4fb1d228f 
BREAKINGVIEWS - Nio forces investors to test-drive new model   
 D-REUTERSNEWS-T005/Ic7b5f900827f11e99f27c4c4d943cda6 
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Robyn Mak and Sharon Lam)
 ((katrina.hamlin@thomsonreuters.com; Reuters Messaging:
katrina.hamlin.thomsonreuters.com@reuters.net))