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

INDUSTRY
Automotive

RELEASE DATE
25-Aug-2021

REGION
North America

DELIVERABLE TYPE
Market Research

RESEARCH CODE
PC1B-01-00-00-00

SKU
AU02215-NA-MT_25721

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Strategic Profiling of Foxconn
Published on: 25-Aug-2021 | SKU: AU02215-NA-MT_25721

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Description

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?

Table of Contents

Growth Scenario

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

The Strategic Imperative

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™

Company Overview

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 Automotive Initiatives

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 Electric Vehicle Initiatives

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’s Connected Cars and Data-driven Business

Foxconn in Connected Cars Value Chain

Mobile Drive—Transforms the In-vehicle Customer Experience

Foxconn’s Smart Car + Smart Home Office Concept

Foxconn’s Business Model Analysis

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 Universe

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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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.--BEGIN PROMO--