Foxconn has predicted that in four years every fifth car sold in the world will be electric. This is reported by the publication Digitimes.
Journalists refer to the report of the Taiwanese company, which describes the prospects of the electric car market. In it, the corporation positively assesses its position in this segment, taking into account the start of production at plants in the United States and Thailand. Foxconn also announced the launch of a joint venture with the Japanese company Nidec, which will develop electric motors.
According to the chairman of Foxconn, Yang - way Liu, by 2025 the segment of electric vehicles will account for about 20 percent of the total automotive market. Thus, every fifth car will move on electric traction. This segment is estimated at about $ 600 billion, and this indicator will only continue to grow. Foxconn believes that the company will be able to get at least five percent of the global share in the electric car market.
The first client for the corporation will be the American company Fisker, for which Foxconn plans to produce up to 150 thousand electric cars a year from 2023. Annually, production volumes will grow to 300-500 thousand units. The plant in Thailand will focus on the production of components for cars.
In the United States, a number of states are planning to ban the sale of cars with a gasoline engine in the future. In particular, the sale of gasoline-powered cars will be limited in California from 2035. At the same time, residents of the state will not be prohibited from owning gasoline-powered cars or selling them.
Andrey Stavitsky
