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Foxconn aims to turn EVs into a $35bn business in five years

Taiwanese iPhone assembler unveils three electric prototypes at annual tech event

Foxconn Chairman Young Liu unveils one of the iPhone assembler's EV prototypes at the company's annual tech day on Oct. 18. (Photo by Lauly Li)

TAIPEI -- Foxconn on Monday unveiled three electric vehicle prototypes as the iPhone assembler attempts to turn its nascent auto segment into a 1 trillion New Taiwan dollar ($35.78 billion) business in just five years.

The Taiwanese company introduced two passenger EV models and an electric bus prototype at its annual Foxconn Technology Day event in Taipei.

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