Foxconn targets to provide components or services for 10 percent of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in deliberations with numerous car manufacturers for imminent cooperation, Chairman Liu Young-way said.
The Taiwanese contract manufacturer legally called Hon Hai Precision Industry and a major supplier to Apple is considering fresh growth from sectors such as electric vehicles, digital health, and robots in an effort to expand its global investments.
Automaker Fiat Chrysler believed in January it strategies to set up a joint venture with Foxconn to build electric cars and develop internet-connected vehicles in China.
"We want to drive Taiwan's EV industry to the world," Liu said in Taipei.
"Hon Hai has to ready our open platform as soon as possible. We need to move fast to grab market share," he said, referring to Foxconn's pledge to build an "open platform" to make key EV components including battery and car internet services to carmakers.
Foxconn, which has said it will not manufacture the cars, will make key components for EVs and work with global major automakers to reach the 10 percent goal, Liu added, signifying around three million vehicles.
Foxconn is planning to launch its first solid-state battery for EVs in 2024, which is a high-capacity energy storage device that improves on existing batteries, he believed.
