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Foxconn Technology Group anticipates significant revenue growth in its AI and electric vehicle (EV) sectors by 2028, driven by rising demand for AI applications and strategic partnerships, including one with Mitsubishi Motors. The company employs a modular manufacturing approach to reduce costs and development time, aiming for substantial market share in the EV industry. Despite geopolitical challenges, Foxconn's diversified operations and contract manufacturing model provide resilience, as evidenced by a 91% profit increase in Q1 2025, largely from its AI server business.
Foxconn has signed an agreement to produce a new electric vehicle for Mitsubishi, with initial manufacturing set to take place in Taiwan. The EV, a revised version of the Model B prototype, is expected to launch in Australia and New Zealand by 2026, aligning with Mitsubishi's goal to electrify its fleet by 2035. This partnership highlights a growing trend of automakers outsourcing production to specialized manufacturers to streamline operations and accelerate the transition to electric vehicles.
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Foxconn anticipates significant growth in AI and electric vehicle sectors by 2028
07:45 30.05.2025
Foxconn to manufacture Mitsubishi's new electric vehicle model in Taiwan
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03:30 22.04.2025
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