Foxconn India News: iPhone maker car company Foxconn will bet big on electric cars, and the company has announced to shift its production from China. According to a BBC report, the electric car maker is now considering manufacturing in India as relations between China and the US have worsened.
According to the BBC, Young Liu, CEO and President of Foxconn Company, has said that this Taiwanese company is making plans for its future amidst the ongoing tension between China and the US. Foxconn is considering moving some of its supply chains out of China, he said, because electric vehicles will grow a lot in the coming decades.
Talking to the BBC about the company’s future, Foxconn Chairman Young Liu said that he plans to manufacture electric cars in India, as electric cars will determine the company’s future direction in the coming times.
Cars Will Be Produced In India
Speaking to the BBC in Taipei, Taiwan’s capital, Foxon Chairman Young Liu said, We hope the two countries’ leaders will maintain peace and stability. As a businessman and CEO, do I have to think, what if the worst happens?
Let us tell you that there is also a possibility that China may attack Taiwan in the next few years, so India is becoming a favourite destination for Taiwanese companies because operations can be carried out from here despite being close to their country. Can execute. In the event of a war, China can block Taiwan; in such a situation, it would be difficult for any company to maintain the supply chain from Taiwan, so companies have started moving towards India.
The company’s CEO has said that the company is working on a plan to maintain the supply chain even in the worst case, and the company has shifted some parts of the production to Mexico and Vietnam.
Know Foxconn Company
Let us tell you that the original name of the Foxconn company was Hon Hai Technology Group, and it started making knobs for TV in 1974. Now this company has become a company with annual revenue of $ 200 billion and is one of the most influential technology companies in the world.
Foxconn company manufactures more than 50 per cent of Apple company’s iPhone products. Apart from this, the company also manufactures products for Sony, Microsoft, Dell and Amazon.
Let us tell you that given the tension with America, the companies of Western countries have also started moving out of China, and many of them have announced to open their factories in India, on which the Government of India is also working.
