IPhone maker Foxconn wants to dominate electric car manufacturing ...Egypt

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IPhone maker Foxconn wants to dominate electric car manufacturing
source : EGYPT INDEPENDENT ( Egypt ) () 20
CNN Business – Foxconn, the Taiwanese company best known for building Apple’s iPhones, recently showed off two new electric vehicles at an event in Taipei as the company expanded on its plans to do for cars what it’s already done for phones. The company, officially Hon Hai Technology Group but better known as Foxconn, hopes to build 5% of the world’s electric cars by 2025, chairman Liu Young-way said at the event, according to Reuters. His ultimate goal is to one day approach the the 40% to 45% share the company has in computer and smartphone manufacturing, he said. Foxconn has no plans to sell cars under its own name, just as it doesn’t sell Foxconn smartphones. Instead, it wants to build c

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