Foxconn discusses electric vehicle plant in Wisconsin, Energy News, ET EnergyWorld
Foxconn and electric car maker Fisker Inc said in May that they had finalized a vehicle assembly deal. They did not identify a location, but the CEO of Fisker said the Foxconn Wisconsin site was a possibility.
In a statement, Foxconn said it has started talks with Wisconsin.
âFoxconn has engaged the Wisconsin Economic Development Corporation to discuss the company’s plans for manufacturing electric vehicles. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions,â he added.
The company, officially called Hon Hai Precision Industry, gave no further details.
In April, Foxconn significantly downsized a planned $ 10 billion factory in Wisconsin, confirming its withdrawal from a project former US President Donald Trump called “the eighth wonder of the world” and was supposed to build flat panel displays. peak. .
A month earlier, the Foxconn chairman said he could make electric vehicles at the Wisconsin site, but could decide Mexico and make a decision this year.
Over the past year, Foxconn announced several agreements on the production of electric vehicles with automakers including Fisker, Chinese Byton and Zhejiang Geely Holding Group and the Fiat Chrysler unit of Stellantis NV.
Foxconn aims to provide components or services to 10% of the world’s electric vehicles by 2025 to 2027, posing a threat to established automakers by allowing tech companies a shortcut to compete in the vehicle market.