Foreign legal person: Hon Hai Model C is expected to be put into production in the fourth quarter, and the initial annual shipment is expected to reach 30,000 units.

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com, August 11 (Xinhua)-- according to a report by Taiwan's Economic Daily, a foreign legal person in the United States evaluated Hon Hai electric cars, saying that the mass production version of Model C is expected to be put into production in the fourth quarter of this year, and the initial annual shipment is expected to reach 30,000.

▲ source Hon Hai Facebook home page in addition, Hon Hai provides lithium iron phosphate battery cells for electric buses and lidar for electric vehicles will also be mass produced next year. The foreign legal person pointed out that Hon Hai needs to plan for 40% of the parts in electric vehicles to be self-made to ensure gross profit.

CTOnews.com previously reported that on October 18, 2022, Foxconn launched three new cars: the Model C, the Model B, and the Model V, an all-terrain electric pickup. At a press conference after the event, Hon Hai Chairman Liu Yangwei pointed out that two new electric cars and a mass production version of Model C will be put into production in Taiwan, Thailand and the United States.

Hon Hai plans to gain at least 5 per cent of the global electric vehicle market by 2025 and become one of the "important" electric vehicle manufacturers in the world, initially locking in a market of $30,000 to $50,000 per vehicle.

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