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Strategic Profiling of Foxconn
Foxconn Identifies Future Growth Potential in the EV Industry and is Looking to Disrupt it as an End-to-end Solution Provider
25-Aug-2021
North America
Market Research
PC1B-01-00-00-00
AU02215-NA-MT_25721
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.
Research Highlights
- Deep dive into the key operational strategies of Foxconn, with a focus on its automotive segment capability
- Provide an overview of Foxconn’s CASE product strategies, including its product planning, product development, and vision in the EV and connected cars domain
- Understand the challenges and benefits for Foxconn in the automotive industry
- Understand and analyze Foxconn’s business model
- Understand the overall technology profile of the group’s know-how platforms and the Mobility in Harmony (MIH) ecosystem, which are at the core of Foxconn’s plan
Key Issues Addressed
- Why is Foxconn entering the automotive industry?
- What are the strength and challenges for Foxconn in the automotive industry?
- What is Foxconn doing in terms of product development and platform development?
- How is Foxconn positioning itself, and what is the business strategy it has adopted?
Key Findings
Key Findings (continued)
Motivating Factors for Foxconn to Enter Automotive Industry
Benefits for Foxconn from Entering the Automotive market
Auto Investments and Collaborations
Foxconn in the EV Value Chain
Foxtron—Foxconn’s EV Venture
Executive Summary—Challenges for Foxconn in the Automotive Market
Why Is It Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Foxconn
Growth Opportunities Fuel the Growth Pipeline Engine™
Foxconn Overview
Foxconn Services and Products
Foxconn—Manufacturing Units
Foxconn R&D Capability—The Hon Hai Research Institute
Foxconn’s Roadmap to Core Transformation
Foxconn’s Strategic Plan for the Future
Foxconn—SWOT Matrix
Foxconn—Ansoff Matrix
Foxconn—Drivers
Foxconn—Restraints
Foxconn's Foray into the Automotive Industry— Announcements & Events
Foxconn’s Automotive Vision
Business Model Definition
Future Technology Strategy and Vision
Regional Outlook—Probable Manufacturing plants
Foxconn EV Strategic Imperatives
EV Vision
MIH Open EV Platform
MIH Open EV Platform (continued)
MIH Battery Technology
Foxtron—Foxconn’s Electric Car Brand
The MIH Ecosystem
Foxconn Partnerships—EV Production
Foxconn Partnerships—EV Production (continued)
Case 1: Foxconn—Geely Auto Production
Case 2: Foxconn—Fisker Auto Production
Case 3: Xsemi: Foxconn—Yageo
Case 4: FOXCONN—PTT
Foxconn in Connected Cars Value Chain
Mobile Drive—Transforms the In-vehicle Customer Experience
Foxconn’s Smart Car + Smart Home Office Concept
Customized Consulting Services to OEMs
Business Model—Platform and Vehicle Development
Business Model—Platform and Vehicle Development (continued)
Target Customers in Business Model
Business Model—Foxconn as a Tier Supplier
Growth Opportunity 1—Business Diversification through Open EV Platform Technology
Growth Opportunity 1—Business Diversification through Open EV Platform Technology (continued)
Growth Opportunity 2—Aim to Provide End-to-end Solutions for the EV Market
Growth Opportunity 2—Aim to Provide End-to-end Solutions for the EV Market (continued)
Growth Opportunity 3—Battery Solutions
Growth Opportunity 3—Battery Solutions (continued)
List of Exhibits
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