Hon Hai Precision Industry Co (鴻海精密) has agreed to produce a new electric vehicle (EV) model for Mitsubishi Motors Corp of Japan, a source within the industry said on Sunday.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團), would start initial production of the new EV model at a plant in Miaoli County owned by its partner Yulon Motor Co (裕隆汽車), said the source, who spoke on condition of anonymity.
The vehicle would be a modified version of Hon Hai’s Model B prototype, first unveiled in 2022, the source said, without giving a date for the expected start of production.
Photo: CNA
The new urban EVs are expected to launch in Australia and New Zealand next year, with potential rollouts in Taiwan and Japan to follow, the source said.
Hon Hai chairman Young Liu (劉揚偉) oversees the company’s EV development, while chief strategy officer Jun Seki, who previously spent 33 years at Nissan Motor Co, manages operations related to the Japanese market, the source added.
Hon Hai declined to comment on the reported partnership with Mitsubishi Motors.
At an earnings conference last month, Hon Hai said it planned to sign contract design and manufacturing agreements with Japanese clients as part of its EV development strategy.
Foxtron Vehicle Technologies Co (鴻華先進), a joint venture between Hon Hai and Yulon Motor, is expected to unveil a new EV model codenamed “n5” later this year, which is also based on the Model B prototype, the source said.
The n5 is being assembled at Yulon Motor’s plant in Sanyi Township (三義), Miaoli County, the source added.
Meanwhile, demand has been steadily increasing for the n7 EV model, which is based on Hon Hai’s SUV Model C design, the source said, adding that deliveries for the first three months of this year reached 1,120 units, following total sales of 7,121 units last year.
EVs based on the Model C design are set to enter mass production in North America in the fourth quarter of this year, Hon Hai said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS