Foxconn: 5% of the global electric vehicle market by the end of 2025

As the domestic epidemic situation eases, according to Reuters, Foxconn Chairman Liu Yangwei said at the company's annual shareholders meeting, "(The epidemic) is moving in a better direction, and we are very optimistic about the stability of the supply chain in the second half of this year. confidence."

Foxconn previously warned that revenue from its electronics business, which includes smartphones, could decline this quarter due to rising inflation, cooling demand and escalating problems in some supply chains. At the shareholders' meeting, Foxconn reiterated that the impact of the epidemic in China on production was limited, but the market's demand for products was affected by the epidemic .

Liu Yangwei mentioned that the chronic global chip shortage has forced automakers to stop production and hurt the interests of big smartphone customers, including Apple. In terms of automotive chips, Foxconn's goal in the next three years is to become the first electric vehicle manufacturer that has "no shortage of materials." This goal includes mass production of key ICs for self-owned vehicles, 90% of the specifications of small ICs for free vehicles, and sufficient supply of small automotive ICs.

Previous reports said that in the past three years, Hon Hai has completed the layout of the electric vehicle field from 0 to 1, built a one-stop service foundation, provided an open platform, and established a localized operation (BOL) business model. Liu Yangwei said Foxconn aims to have about 5 percent of the global electric vehicle market by the end of 2025 . The company hopes to increase its production capacity for electric vehicle chips and has announced further enhancements to chip supply.

Post a Comment