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Foxconn and General Motors electric car negotiations OEM, or chip for OEM model cooperation

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According to Taiwan’s Economic Daily News, news that Foxconn electric car business is negotiating with General Motors for OEM orders.

As the car chip shortage is still not completely relieved, the industry rumors, General Motors approached Foxconn, hoping to cooperate through the “chip for foundry” model, that is, by Foxconn electronic foundry master chip resources to help provide General Motors with sufficient car chip, General Motors will be its electric car to Foxconn foundry.

In response to the rumors, Foxconn yesterday said no comment. Foxconn executives in charge of Foxconn’s North American electric vehicle business had previously revealed that Foxconn is negotiating with the four traditional car manufacturers in the United States, Japan, Korea, Europe and other regions for OEM cooperation, and is expected to mass produce traditional car manufacturers electric vehicles in the second half of 2023 and enter the explosive period in 2024. Market research, Honghai is approaching the U.S. traditional car manufacturer is General Motors.

Industry analysis, Honghai Group previously undertook the United States Ohio plant is the past General Motors fuel car factory, the peak of a year can produce 600,000 cars, is one of the largest North American single model factories.

GM Group, the largest automaker in the United States, sold 2.27 million vehicles in the United States last year, up 2.5 percent from a year earlier, according to the data. Among them, sales rose 41.4 percent in the fourth quarter of last year, beating Toyota.

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