Foxconn New Energy Automobile Industry Development (Henan) Co., Ltd. was recently established. The legal representative is Huang Yingshi, with a registered capital of 500 million RMB. Its business scope includes the manufacturing of automobile parts and accessories, Motor manufacturing, new material technology research and development, new energy vehicle sales, corporate headquarters management, park management services, supply chain management services, road motor vehicle production, etc.
Shareholder information shows that the company is wholly owned by Foxconn New Business Development Group Co., Ltd., which is a wholly-owned subsidiary of Hongfujin Precision Electronics (Zhengzhou) Co., Ltd.
According to China News Service, Foxconn said that according to the strategic industrial plan, Foxconn Technology Group will set up Foxconn New Business Headquarters in Zhengzhou in 2023 and establish Foxconn New Business Development Group Co., Ltd. to coordinate the planning of new energy vehicles, batteries, etc. New industry development. The new energy vehicle industry company established under Foxconn New Business Development Group will further focus on the new energy vehicle industry and accelerate the implementation of projects.
Public information shows that as early as 2005, Foxconn acquired the automotive wiring harness company Antai Electric and officially entered the automotive business field. In 2010, Foxconn became a supplier of Tesla central control touch screen panels, connectors, covers and other parts, and began to get involved in the field of new energy vehicles.
In October 2021, Foxconn announced three self-developed electric vehicles for the first time: model c SUV, model e sedan and model t electric bus. In November 2021, Foxconn agreed to acquire the former General Motors plant in Lordstown, Ohio, from electric vehicle startup lordstown motors for 1.469 billion RMB, giving it the company’s first automobile factory.
In October 2022, Foxconn released two new self-developed electric vehicle solutions: model b crossover SUV and model v electric pickup truck. So far, Foxconn has released 5 models. At that time, Foxconn also demonstrated key components such as EPS electric power steering systems, solid-state batteries, and semiconductors, and announced Foxconn’s cdms (commissioned design and manufacturing services) business model in the field of electric vehicles.
It is noticed that Foxconn Chairman Liu Yangwei once said: Foxconn’s goal remains unchanged, that is, to achieve a 5% share of the electric vehicle market in 2025, and expressed the hope that one day Foxconn can help Tesla manufacture car.
