Foxconn Building Electric Vehicle Factories in the U.S., Thailand in 2022

Following various reports of the world’s largest electronics supplier Foxconn planning for an electric vehicle (EV) future, the Taiwan-based company has now said it plans to build two new factories overseas.

On Thursday, Foxconn announced plans to build EV production facilities in Thailand and the U.S. in 2022, with production beginning as soon as 2023, according to a report from Nikkei.

Famously a supplier for Apple’s iPhones and other electronics hardware, Foxconn has been planning a move into the EV world for quite some time – and has already partnered with EV brand Fisker, though that’s just one small piece of the company’s plans.

During an earnings call with investors, Foxconn chairman Young Liu said, “Our plans are to begin mass production in the U.S. and Thailand respectively in 2023. Other than in the U.S. and Thailand, we are also in talks with possible locations in Europe too as part of our global EV footprint strategy.”

Among others, Foxconn famously serves a number of companies as clients including Amazon, Apple, Facebook, Google, HP, Microsoft, and Xiaomi. However, ahead of plans for an autonomous Apple Car, the iPhone supplier has reportedly already begun looking to delve into auto semiconductors and other important EV electronics hardware for self-driving systems.