Foxconn, Apple Potential Automotive Manufacturing Contenders

It’s possible that Foxconn and Apple could supply electric vehicles alongside the industry leaders as the companies make plans to expand

Foxconn, a supplier of technology to Apple, has announced a venture into a new market. The company recently announced its plans to move into the electric vehicle (EV) market, taking on some of the leading global automotive manufacturers. 

As the producer of the iPhone, Foxconn is looking to broaden its capabilities, which it has been working on since 2014. The company’s Founder and former Chairman, Terry Gou, says, ‘If we can make iPhones, why can’t we make EVs?’ as he refers to the product as ‘an iPhone with four wheels’. 

Since the company failed to produce an EV in previous years, due to the complexity of the build, it is now building up a vehicle supply chain with plans to expand into the EV manufacturing sector. The current leader and Gou’s successor, Young Liu, General Manager at Foxconn, is driving the development of factories in the United States and Thailand for EV manufacture. Liu also plans to supply its components, mechanical parts and software for 5% of EVs by 2025. 

Apple moves into Automotive Manufacturing 

As Foxconn is one of Apple’s major suppliers, it is likely it will be involved in Apple’s plans to enter the automotive market. Apple has been working on Project Titan, which has helped the company evolve and according to rumours, Apple it creating an all-electric vehicle for launch by 2028. Although a new venture for both companies, Foxconn already supplies components to other automotive companies, such as Tesla and BMW, and has also made a deal with Stellantis—the manufacturer of Fiat and Chrysler—while also working with Geely to develop software as well as complete vehicles.

Although not confirmed, it’s also rumoured that Apple is also having discussions with other major organisations that could potentially be involved in Apple’s automotive venture. 



For more manufacturing insights, check out the latest issue of Manufacturing Global Magazine.

Share

Featured Articles

Immensa and Intaj Suhar partner to boost Omani manufacturing

MENA’s leading digital manufacturer Immensa has partnered with Intaj Suhar to enhance Oman’s localised manufacturing through digital inventory solutions

Bain & Company Report: OEMs and Digital Transformation

Bain & Company report urges original equipment manufacturers to embrace digital solutions and shift to a customer-focused mindset to stay competitive

The Factory of the Future: Manufacturers' Biggest Challenges

Here’s the biggest challenges manufacturers face with developing the factory of the future, with insight from Graham Upton, Head Of Technology at Capgemini

Dassault Systèmes Bring AR Manufacturing Showcase to London

Smart Manufacturing

Join Belden for a Free Webinar on Connected Plant Floor Data

Production & Operations

Cristina Semperboni: Women In Engineering Spotlight

Production & Operations