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Foxconn hits the gas on vision for 'fabless' EV future

Taiwan iPhone maker nets 1,200-plus suppliers for venture inspired by Android

Foxconn chief Young Liu said at a company event in October 2020 that electric vehicles are the next big product for the iPhone assembler.   © Reuters

TAIPEI -- Foxconn drew more than 1,200 companies from Taiwan and abroad to its inaugural supplier event Thursday for its electric-vehicle project as the iPhone assembler looks to expand its behind-the-scenes influence to another emerging industry.

Foxconn, formally Hon Hai Precision Industry, said it would focus on manufacturing the vehicles for other companies and brands.

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