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Old and new companies jostle for smart EV market

chinadaily.com.cn | Updated: 2022-01-07 06:40
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A Foxtron Model C electric vehicle is seen unveiled at a Foxconn event in Taipei, Oct 18, 2021. [Photo/Agencies]

Foxconn

Apple Inc supplier Foxconn unveiled its first three EV models in October 2021, vowing to grow them into a $35 billion business in five years.

The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a joint venture between Foxconn and Taiwan-based car maker Yulon Motor Co. Foxconn first mentioned its EV ambitions in November 2019 and has since moved relatively quickly.

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