Foxconn And Yulon Motor Co Ltd JV To Bring Out EV Bus In October, Says Source: Report

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  • The source said that the EV bus that would be rolled out in October would be a prototype
  • The report added that Foxconn has ramped up its interest in EVs over the past year

partnershipAs per a report by Reuters, a joint venture Foxconn and Yulon Motor Co Ltd aims to roll out its first electric vehicle (EV) bus this October, a source with knowledge of the situation said. The source said that the EV bus that would be rolled out in October would be a prototype.

The report added that Foxconn has ramped up its interest in EVs over the past year. It announced deals with Chinese EV maker Byton and Chinese automaker Zhejiang Geely Holding Group.

Provide components or services to 10 per cent of the world’s EVs by between 2025 and 2027

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Previously, Foxconn had said that it aims to provide components or services to 10 per cent of the world’s EVs by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said. Foxconn, formally Hon Hai Precision Industry Co Ltd, announced its joint venture with Yulon last February, with Foxconn investing T$7.9 billion ($282.49 million) and Yulon T$7.6 billion.

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