Foxconn Eyes Wisconsin or Mexico for New Electric Vehicle Factory

Foxconn’s troubled factory plan in Wisconsin may now shift to the production of electric vehicles after an announcement from Chairman Liu Young-way.

The Taiwanese electronics and contract manufacturer began plans to build the factory 4 years ago, but had originally intended for it the production of LCD screens. Foxconn made another pivot a few years later, saying the factory would produce computer servers.

This turmoil has cause Foxconn to waive tax breaks, which it was slated to receive from the state of Wisconsin, for the past two years.

 Young-way noted the reliance the electric vehicle market has on electronic goods, saying that Foxconn thinks this “might be a good place” to enter the market. 

Foxconn is also considering sites in Mexico for this new proposed EV factory. 

Young-way said that Foxconn was still weighing its options but that it “could be a good product to make in that area”.

Rumors have been circulating that Foxconn will partner with Apple to help develop an electric Apple Car. Young-way denied any of these rumors on Tuesday.

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