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Foxconn to pick site for North American EV plant within months

Taiwanese Apple supplier is deliberating between facilities in US and Mexico

Apple supplier Foxconn says it will choose between its existing facilities in Mexico and the U.S. for electric vehicle production.   © Reuters

TAIPEI -- Foxconn Chairman Young Liu on Tuesday confirmed that the world's biggest contract electronics manufacturer will build electric vehicles in North America by 2023 in a bid to cut its dependence on the slowing smartphone market.

Liu told foreign media that the major Apple supplier will decide this year whether it will build the cars in Mexico or the U.S. It has facilities in both countries. It will also finalize its plan for what to produce at its Wisconsin manufacturing complex by July.

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