The global push towards sustainability has accelerated the development and adoption of electric vehicles. Tech companies, with their expertise in battery technology, software development, and energy management, are well-positioned to contribute to this evolution. For instance, Foxconn, renowned for manufacturing Apple’s iPhones, has ventured into the EV market with ambitions to produce four out of every ten EVs sold globally.
The company has invested $1.3 billion in auto-related acquisitions over the past decade and collaborates with firms like Stellantis NV and ZF Friedrichshafen AG to develop automotive technologies and batteries. Foxconn’s Model B EV hatchback, showcased at the Consumer Electronics Show in Las Vegas, exemplifies its commitment to the EV sector.
