Foxconn parent company Hon Hai: mass production version of Model C will be unveiled in October and Model E will be produced in the second quarter of 2023.

CTOnews.com August 11, according to Taiwan Economic Daily, August 10, Hon Hai Chairman Liu Yangwei revealed that the October Science and Technology Day will display a mass production version of the Model C model, and the Model E will be mass produced in the second quarter of 2023.

Hon Hai Group distributes spare parts for electric vehicles in Mexico. The annual production capacity of the Ohio plant in the United States can reach 500000 to 600000 vehicles. Hon Hai plans to improve capacity utilization in 2024. In the US state of Wisconsin, Hon Hai also has further plans, details of which cannot be disclosed at present.

CTOnews.com learned that when talking about how to achieve Hon Hai's goal of reaching 5 per cent of the global electric car market in 2025, Liu Yangwei said that there are now two new customers from traditional car factories and three new customers from start-ups. Hon Hai has a wide range of electric vehicle customers and has a chance to meet the standards.

With regard to the progress of the MIH Electric vehicle Open platform Alliance, Liu Yangwei said that there will be surprising news in the near future that the MIH Alliance will launch MIH models to demonstrate the possibilities and benefits of standardization and modularization.

In addition, Liu Yangwei said that he is not bearish about the mobile phone market in the second half of the year and is expected to be the same as the same period last year. He also believes that the overall gross profit margin in the second half of the year can be better than that in the first half, and the impact of material shortage can be minimized.