April 19, 2024

  • Daily Motion

Foxconn tied up with Thailand’s PTT for making electric vehicles

Foxconn tied up with Thailand's PTT

Foxconn tied up with Thailand’s PTT for making electric vehicles

Taiwan’s Foxconn has announced a partnership with Thailand’s government, a state-run energy group PTT PCL to manufacture electric cars in Thailand. Foxconn had tied up with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Italian company Stellantis. Taiwan-based Foxconn aims to provide components or services to 10per cent of the world’s EVs by 2025 to 2027. Let us read further about Foxconn tied up with Thailand’s PTT. 

Foxconn and PTT have signed a memorandum of understanding to make EVs and their components for the Thai market. Under the partnership, both hardware and software services will be available to automakers in the country said the statement.

“This cooperation with PTT and the Thai government to realise the vision of sustainable development of the EV industry demonstrates that the MIH ecosystem is growing,” Foxconn chairman Liu Young-way said.

Recently, the leading electric vehicles manufacturer Fisker Inc made an announcement that it has collaborated with Apple Inc supplier Foxconn to manufacture more than 250,000 vehicles from late 2023. Both the companies will jointly work on the deal “Project PEAR” (Personal Electric Automotive Revolution) a codenamed. They will cover the markets globally including North America, Europe, China and also India.

The collaboration between the two will develop and sell electric vehicles under the Fisker brand that will be the second upcoming new Fisker vehicle after the Ocean electric SUV through the Fisker Flexee Lease program.

Foxconn earlier had announced that it aims to provide components or services to 10% of the world EVs by 2025 to 2027. The Fisker Chief Executive Henrik Fisker said that Foxconn is more than just a contract manufacturer under this deal and is developing a vehicle with a startup.

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