Apple assembler Foxconn turns to EVs and AI servers for next growth

Taiwan contract manufacturer seeks to partner with Japanese automakers

20240531N Foxconn

Foxconn plans to mass-produce the Foxtron Model B next year. (Photo by Hideaki Ryugen)

HIDEAKI RYUGEN, Nikkei staff writer

TAIPEI -- Taiwanese Apple assembler Foxconn aims to boost sluggish profit margins and spark renewed growth by focusing on electric vehicles and AI servers, looking to utilize the contract production model it honed with the iPhone to collaborate with Japanese automakers.

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