After successful cooperation with Xpeng and Byton, Taiwan-based semiconductor manufacturer Foxconn aims to invade the car market with a brand of its own.
The newly established company is called
Foxtron Vehicle Technologies, and Foxconn – which assembles iPhones – hopes
that Apple might ultimately decide to entrust it with car production as well.
Failing this, Foxtron will still manufacture vehicles under its own badge,
which may or may not be a nod to Audi’s e-tron lineup.
Japan-based Nidec agreed to supply the
newborn automaker with electric powertrains rated up to 272 PS for use in both light passenger and commercial vehicles. More details
should follow by the end of the year. The company’s first production car is
envisioned as a B+ class crossover/SUV which currently only exists as a
life-size clay mockup. First shipments are expected to begin in a few years’
time.
In an earlier news, Foxtron announced a
proprietary car platform called MIH. Nearly four hundred companies joined the
MIH Alliance, including Yulon (Luxgen) and Geely.
