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iPhone maker Foxconn to switch to cars as US-China ties sour (www.bbc.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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AI created summarization:

Foxconn, a Taiwanese company that makes products for Apple and other tech giants, is betting big on electric vehicles.
The company is also moving some of its supply chains away from China, as tensions between the US and China rise.
Foxconn is preparing for the worst-case scenario, such as a Chinese blockade or invasion of Taiwan.
The company has already begun moving some production lines to Mexico and Vietnam.
Foxconn is a major player in the global supply chain, and its moves could have a ripple effect on other companies.

Here are some additional details about the company's plans:

Foxconn has invested $10 billion in a new electric vehicle plant in Taiwan.
The company plans to produce 1 million electric vehicles per year by 2025.
Foxconn is also working on self-driving cars and other new technologies.

The company's moves are a sign of the growing importance of electric vehicles and the changing global supply chain. Foxconn is a major player in both of these trends, and its moves could have a significant impact on the global economy.

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[–] ray 3 points 1 year ago

I agree. There are definitely more differences than similarities between a smartphone and an EV. They'll basically be starting from scratch.