Electric vehicles prove harder challenge than Foxconn thought

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However, Foxconn has made grand predictions for its vehicle business, saying it will generate $33bn in annual revenue by 2025

Over the past decade, Foxconn Technology has followed increasingly complex plans from Apple to turn silicon, glass, plastic, copper and other materials into hundreds of millions of iPhones. And Apple is just one of the Taiwanese company’s dozens of A-list customers; Google, Microsoft, Sony and many others have hired it to make phones, computers, tablets, game consoles, servers and more. So it’s not much of a stretch to think Foxconn might do the same for cars.

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