Foxconn Taiwan auto JV aims to roll out EV bus in Oct - source

Yulon Motor Co

09/02/2021 07:00

TAIPEI, Feb 9 (Reuters) - A joint venture between Apple Inc
 AAPL.O  assembler Foxconn  2317.TW  and Taiwanese car maker
Yulon Motor Co Ltd  2201.TW  aims to roll out its first electric
vehicle (EV) bus this October, a source with knowledge of the
situation said.
    The source said that the EV bus that would be rolled out in
October would be a prototype.
    Yulon referred questions to Foxconn, which declined to
comment.
    Foxconn has ramped up its interest in EVs over the past year
or so, announcing deals with Chinese EV maker Byton and Chinese
automaker Zhejiang Geely Holding Group
 GEELY.UL . urn:newsml:reuters.com:*:nL1N2JF16Z urn:newsml:reuters.com:*:nL1N2JO0GF
    Foxconn aims to provide components or services to 10% of the
world's EVs by between 2025 and 2027, and has been in talks with
multiple car manufacturers for future cooperation, Chairman Liu
Young-way said in October.  urn:newsml:reuters.com:*:nL4N2H717K
    Foxconn, formally Hon Hai Precision Industry Co Ltd,
announced its joint venture with Yulon last February, with
Foxconn investing T$7.9 billion ($282.49 million) and Yulon
T$7.6 billion.
 ($1 = 27.9660 Taiwan dollars)

 (Reporting by Taipei newsroom, writing by Ben Blanchard;
editing by Jane Wardell)
 ((ben.blanchard@thomsonreuters.com;))