Foxconn Wants To Make Tesla Cars After Fisker Pear EV, Apple iPhones


Source: investors.com investors.com

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Taiwan's Foxconn hopes to one day make Tesla (TSLA) electric cars, adding to its existing Fisker (FSR) EV partnership, as it ramps up on electric vehicles to diversify its business. Foxconn, the world's biggest contract electronics maker, already claims a 40%-45% share of the PC and cellphone markets. The Taiwanese tech giant famously assembles the Apple (AAPL) iPhone. It wants to parlay that success in building EVs for automakers, aiming for a 5% share by 2025. Apple itself has long been rumored to be planning an Apple car. IBD Live: A New Tool For Daily Stock Market Analysis "So, ambitions-wise,...