- Foxconn expects to ink contracts with two Japanese brands in the coming months.
- It is also getting ready to start building its in-house Model B and Model C EVs.
- The Taiwanese company has expressed interest in purchasing a stake in Nissan.
Taiwanese contract manufacturer Foxconn has revealed it’s close to inking deals with two Japanese car manufacturers to design and manufacture a pair of EVs. While limited details about these new models are known, they will be brought to life alongside two of Foxconn’s in-house EVs, namely the Model C and Model B.
Foxconn has been ratcheting up its involvement in the car industry for several years now. At one point, it announced it would invest up to $170 million to build Lordstown Motors’ Endurance pickup truck, but that project was later scrapped. It is also said to have expressed keen interest in acquiring Nissan, before the Japanese brand would go on to enter ill-fated negotiations with Honda about a potential merger.
Read: Foxconn Unveils Model C, Model E And Model T EVs With Up To 740 HP
While speaking at an investor conference earlier this month, chairman Young Liu said the company expects to sign agreements with two Japanese firms in the next two months. Foxconn will use its “contract design and manufacturing services (CDMS) business model” in the development of these new EVs.
There’s no word on which two marques Foxconn is talking to. It’s certainly possible that one of them could be Nissan, as a report from early February indicated that after the latter’s merger with Honda fell through, it has expressed its willingness to work with technology companies. Foxconn could be one of them, and teaming up with it would also provide Nissan with a valuable cash infusion.
Foxconn Model C
Foxconn’s Own EVs
While the Taiwanese giant is busy finalizing contract manufacturing deals, at the same time it’s also pushing forward with its own EVs. Focus Taiwan reports that the Model C will enter production in North America during the fourth quarter of this year. The electric crossover was previewed as a concept back in October 2021 and, in concept guise, had a claimed range of 435 miles (700 km). Given it’s been almost three and a have years since the concept’s unveiling, the production model may sport some changes.
Arriving before the Model C will be Foxconn’s Model B, reportedly set to reach the production line in the middle of this year. The Model B was previewed in 2022 and is similar in size to the VW ID.3. It was designed by Pininfarina, is powered by a single electric motor with 230 hp, and has a claimed range of 280 miles (450 km).
Foxconn Model B
