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
Kindle for Amazon
Xbox for Microsoft
most PlayStations for Sony
most of Nintendo
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
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.
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.
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.
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.
The third vehicle is an electric city bus, which Foxconn has named the Model T. We assume Ford
won’t allow that guy to fly in the US
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
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
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