TOKYO -- About 100 Japanese companies are expected to participate in the joint development of electric vehicles being spearheaded by Taiwan's Foxconn, including suppliers close to Toyota Motor, suggesting that the project will have a significant impact on the broader auto industry.
As of early March, approximately 2,200 companies intended to participate in the project led by the world's largest contract electronics manufacturer. Compared with last April when the program was launched, the total number of companies has increased by 70% while the number of Japanese companies has increased fivefold. Some companies have already begun development of components with Foxconn and other participants.
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