After successful cooperation with Xpeng and Byton, Taiwan-based semiconductor manufacturer Foxconn aims to invade the car market with a brand of its own.
The newly established company is called Foxtron Vehicle Technologies, and Foxconn – which assembles iPhones – hopes that Apple might ultimately decide to entrust it with car production as well. Failing this, Foxtron will still manufacture vehicles under its own badge, which may or may not be a nod to Audi’s e-tron lineup.
Japan-based Nidec agreed to supply the newborn automaker with electric powertrains rated up to 272 PS (268 hp / 200 kW) for use in both light passenger and commercial vehicles. More details should follow by the end of the year.
The company’s first production car is envisioned as a B+ class crossover/SUV which currently only exists as a life-size clay mockup (see photo). First shipments are expected to begin in a few years’ time.
In an earlier news, Foxtron announced a proprietary car platform called MIH (see video). Nearly four hundred companies joined the MIH Alliance, including Yulon (Luxgen) and Geely.