Hon Hai's joint venture in Thailand eyes 150,000 EVs by 2030

[webfact]

CNA file photo

 

Taipei (CNA) - Taiwan's manufacturing giant Hon Hai Precision Industry Co. has set a goal of producing 150,000 electric vehicles in Thailand by 2030 through a joint venture there that opened Monday.

 

Hon Hai, also known as Foxconn internationally, said in a statement that Horizon Plus Co., Ltd., the joint venture set up with state-owned oil supplier PTT Public Co., opened Monday and will have an initial annual capacity of 50,000 units.

 

That capacity is expected to rise to 150,000 units by 2030 to meet anticipated rising demand in Thailand and other Southeast Asian markets, according to the company.

 

Full story: https://focustaiwan.tw/sci-tech/202202070025

 

-- © Copyright FOCUS TAIWAN 2022-02-08

 

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[JoePai]

One in the eye for China

[mtls2005]

Without a comprehensive EV strategy then maybe 149,500 of these...

[Crossy]

A couple of half-decent looking EVs in their stable.

 

https://insideevs.com/news/541487/foxconn-unveils-first-ev-concepts/

 

 

[chinasimon]

Foxconn has no particular engineering know-how related to EVs, they have yet to begin mass production anywhere. Not sure how they expect to compete against the big outside of protected markets like Thailand. 

[PETERTHEEATER]

With the lack of charging points will Customs and Excise permit a large increase in Chinese made AA batteries?