Foxconn is a stealth giant company. You may have never heard of them. But the good news is that you own some of these products. Apple, the Taiwan-based electronics maker, makes the iPhone for AAPL.
The Kindle for Amazon AMZN,
Xbox for Microsoft MSFT,
Sony Most PlayStations for Sony,
Most Nintendo NTDOY,
Gaming systems, and many computer components. The company doesn’t make cars, but it’s about to change.
Three designs, and one Ohio factory
Today, Foxconn 2354,
Unveiled three electric vehicles that are expected to go on sale globally in two years. It is unknown at this time what he will do after leaving the post. But just three weeks ago, the company bought an Ohio car plant owned by the first startup, Lordstown Motors Ride.
Under the purchase agreement, Foxconn will continue to build the Lordstown Endurance Pickup by Lordstown Motors. But its new American car manufacturing footprint could mean that Foxconn plans to launch its EV here.
Read more: Lordstown stocks rise 21% after agreement to sell Ohio plant, EV maker to manufacture new vehicles and Foxconn seal deal
Foxconn today unveiled three vehicles under the Foxtron brand name.
The Foxtron Model C is a medium-sized SUV designed to accommodate the interior of a large luxury car. Foxconn claims that it will reach speeds of 0 to 60 miles per hour in just 3.8 seconds and will have a range of 434 miles on a single charge.
Next, the Foxtron Model E is a mid-size sedan with exterior design by the famous Italian design house Pininfarina. The Model E’s electric drive train boasts 750 horsepower and boasts 2.8 seconds at 0 to 60 mph. It opens with facial recognition and is designed to act as a “mobile office”. The company says it can travel 466 miles between charges.
The third vehicle is the electric city bus, which Foxconn has named the Model T. We assume that Ford F,
The name will not be allowed to fly in the United States.
It’s a challenge, but it’s only recently
Clearly, we are not sure if we will ever see one of these cars in the United States. Starting a new automaker is a big challenge. For each Tesla TSLA,
Whoever succeeds in entering the US market, many others fail.
Next read: Should you buy an electric car? Here are some advantages and disadvantages.
But Foxconn has tremendous financial resources. It has rapidly become the owner of a factory in the United States since its inception in the car market and is showing three vehicles in the media. It could include new competitors such as Tesla and Lucid Motors LCID,
And Raven RIVN,
List of startups to bring a new EV to market.
The story originally ran on KBB.com.