Foxconn Unveils EV Platform; FCA To Build EVs In Canada

Foxconn Unveils EV Platform; FCA To Build EVs In Canada

It used to be that new car companies were as rare as left handed lug nuts. There was Hyundai, then Yugo, then Daewoo. Two out of three of them failed almost immediately. But that was in the age of internal combustion engines. In the electric car era, new car companies are springing up faster than crabgrass. BYD, NIO, Xpeng, Faraday Future, Lucid, Tesla, Kandi, Fisker, Rivian — the list is long and growing. The reason has a lot to do with the lack of complexity associated with electric power trains. A battery, a management system, and an electric motor or two and you’re in business. But developing a new car can take years and cost millions of dollars. Some companies see a business opportunity in developing an electric car chassis — often called a skateboard — and selling it to other companies that don’t have the skill or the resources to develop one of their own. That apparently is what Foxconn, the Taiwanese company that has specialized in making iPhones for Apple, is planning to do. At the unveiling in Taipei last week, Foxconn Chairman Liu Young-way said he is targeting a 10 percent share of the global EV market as soon as 2025. The chassis is described as “open-source,” with customizable elements including size, wheelbase, suspension type, and battery size. Partner automakers could fine tune the skateboard to their needs, and Foxconn would assemble it for them, Liu said. He indicated the company has spoken to a number of car makers about using its EV ...
More on: cleantechnica.com