In October 2020, Foxconn announced its plans to enter the electric vehicle contract manufacturing market, introduced the MIH reference platform, and created a consortium of the same name. At the moment, almost 2,200 companies have joined it, and the number of Japanese suppliers interested in the project has increased fivefold to 100 in a year.
Among Foxconn’s EV partners, according to the Nikkei Asian Review , you can find big-name suppliers like Asahi Kasei, NSK, Nidec, Showa Denko, Denso and Toshiba. Many of them are more or less close to the Japanese auto giants. Toyota Tsusho, for example, will supply the Foxconn consortium with lithium for traction batteries. Honda Motor’s FCC will also partner with Foxconn. Denso and Nidec will supply Foxconn with electric motors and other components.
As you know, Foxconn expects to focus on the contract manufacturing of electric vehicles commissioned by other companies, planning to take up to 5% of the market for relevant services by the middle of the decade. It negotiated Fisker-branded crossovers and acquired Lordstown Motors in Ohio to offer matching Endurance pickups along the way. Japanese sources explain that Samsung Group and Microsoft have already become Foxconn partners. In fact, if the former can supply the Taiwanese giant with on-board electronics, the latter will clearly focus on software. Foxconn also promises to offer its customers as part of cars with advanced global connectivity and active driver assistance systems.
source: Nikkei Asian Review