Apple assembler, Foxconn, targets supplying about 3 million EVs by 2027 and has held talks with car manufacturers for possible cooperation, according to Reuters.  Foxconn is looking for growth from sectors including EVs, robots, and digital health to diversify its global investments.

  • Foxconn wants to push Taiwan industry to the world-Liu Young-way, Foxconn Chairman. 
  • Company is planning to launch its solid-state battery for EVs in 2024, a high-capacity energy storage device. 
  • Foxconn pledged to build an “open platform” for making key EV components, including battery and car-internet services to automobiles. 
  • Foxconn had earlier indicated it is working to build supply chains in the U.S. and China. 

Foxconn stock outperformed the broad market and closed 0.6% higher on Friday announcement. TPE: 2354 is down 0.39%