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Foxconn head Young Liu has vowed to have the company's designs, components, mechanical parts or software inside 5% of the world's EVs by 2025. (Source photos by EPA/Jiji and Reuters)
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'An iPhone with four wheels': Inside Foxconn's bid to build EVs

Apple maker confident of becoming a dominant player in auto supply chain

LAULY LI, ERI SUGIURA, and CHENG TING-FANG, Nikkei staff writers | Taiwan

TAIPEI/TOKYO -- Foxconn, the world's largest contract consumer electronics manufacturer and the biggest supplier to Apple, has long dreamed of building cars.

"If we can make iPhones, why can't we make EVs? It is an iPhone with four wheels," founder and former chairman Terry Gou told internal meetings more than once, according to people at the meetings.

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