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Foxconn expects meaningful EV profits from 2023 on US production deal

iPhone assembler sees supply chain shortage worsening in current quarter

A logo of Foxconn at its headquarters in New Taipei City (Photo by Ken Kobayashi)

TAIPEI -- Foxconn, the iPhone assembler now making a big push into building electric vehicles, will not see a significant contribution to revenue and profits from the emerging business until at least 2023, its chairman said on Friday.

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