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Foxconn Identifies Future Growth Potential in the EV Industry and is Looking to Disrupt it as an End-to-end Solution Provider
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The automotive industry is increasingly getting electrified and tech companies are entering the automotive market, making the industry competitive and fragmented. Foxconn is accelerating its move into the popular electric vehicle (EV) market through its open EV platform. The company had formed alliances and JVs with leading global original equipment manufacturers (OEMs) like Stellantis and the Geely Automotive Holding Group for the contract manufacturing of EVs and smart technologies in the connected, autonomous, shared, electric (CASE) domain. This profile aims to provide a strategic overview of Foxconn, with the intent of identifying and understanding the factors that contribute to the success of the organization. Foxconn is committed to transforming the traditional automotive industry and become a key market player for the EV and autonomous vehicle (AV) ecosystem.This study aims to provide an overview of Foxconn, including its research and development (R&D) capability, services & products, and role in the automotive industry, and analyze the strategies it has adopted for vehicle and technology manufacturing. Starting by sketching the company’s corporate structure and growth strategy roadmap, the report analyses Foxconn’s business strategies; product, technology, and manufacturing profiles; and investment plans in R&D and manufacturing. Frost & Sullivan has also examined the company’s innovation and research portfolios, which are expected to shape the future of Foxconn in the automotive sector.
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Implication of CASE on Global Medium and Heavy Duty Commercial Vehicles Aftermarket Growth Opportunities
Global Urban Mobility Management and Data Intelligence Solutions Growth Opportunities
North America Plug-in Hybrid and Battery Electric Vehicles Aftermarket Growth Opportunities
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