Business

These are the EVs that iPhone maker Foxconn hopes to sell

Foxconn is a giant in stealth. You may have never heard of them. But very good if you own some of their products. Taiwan-based electronics maker makes iPhones for Apple
AAPL,
+ 1.70%
,
Kindle for Amazon
AMZN,
-0.53%
,
Xbox for Microsoft
MSFT,
+ 0.54%
,
most PlayStations for Sony
SONY,
+ 0.06%
,
most of Nintendo
NTDOY,
+ 0.55%

gaming systems and many computer components. The company doesn’t make cars, but that’s about to change.

Three designs and one factory in Ohio

Today, Foxconn
2354,
+ 0.60%

unveiled three electric models that it hopes to sell globally within two years. It is not yet clear whether any of these three products will reach US consumers. But just three weeks ago, the company bought a car factory in Ohio formerly owned by start-up Lordstown Motors.
DRIVE,
-0.20%
.

Under the purchase agreement, Foxconn will continue to build the Lordstown Endurance pickup on behalf of Lordstown Motors. But the new U.S. auto manufacturing footprint could mean that Foxconn plans to bring its electric vehicles to market here.

Read more: Lordstown shares rise 21% after EV maker and Foxconn sign deal to sell Ohio plant, develop new vehicles

Vehicle:

Foxconn introduced three vehicles today under the Foxtron brand.

The Foxtron Model C is a midsize SUV designed to have the interior space of a full-size luxury vehicle. Foxconn claims it will accelerate from 0 to 60 mph in just 3.8 seconds and has a range of 434 miles on a single charge.

blank

OLD model

Foxconn

Next, the Foxtron Model E is a midsize sedan with an exterior designed by famous Italian designer Pininfarina. The Model E’s electric drivetrain boasts 750 horsepower and a 0 to 60 mph time of 2.8 seconds. It unlocks with facial recognition and is designed to act as a “mobile office”. The company says it can go 466 miles between charges.

blank

Model E

Foxconn

The third vehicle is an electric city bus, which Foxconn has named the Model T. We assume Ford
NS,
-0.87%

won’t allow that guy to fly in the US

blank

Electric bus

Foxconn

It was a challenge, but it was done recently

Just to be clear, we’re unlikely to ever see any of these cars in the U.S. Starting a new automaker is a huge challenge. For every Tesla
TSLA,
+ 3.71%

Successfully building a foothold in the US market, many other companies failed.

Continue reading: Should you buy an electric car? Here are some pros and cons

But Foxconn has enormous financial resources. It quickly went from being in the car market to owning a factory in the US and showing off three cars in the media. It could also join Tesla and newer rivals like Lucid Motors
LCID,
+ 17.34%

and Rivian
RIVN,
+ 4.23%

on the list of startups bringing new EVs to market.

This story originally ran on KBB.com.

https://www.marketwatch.com/story/here-are-the-evs-that-iphone-builder-foxconn-hopes-to-sell-11637268103?rss=1&siteid=rss These are the EVs that iPhone maker Foxconn hopes to sell

snopx

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

20 + 1 =

Back to top button