Apple supplier Foxconn investing in electric car maker Byton

By Maaz Perwez
Foxconn Logo

The trillion-dollar company Apple’s biggest supplier is Foxconn. They manufacture almost all the Apple products including iPhones and iPads. Recently, we got some news that Foxconn is looking into electric cars. We hear that the Foxconn is investing and assembling electric vehicles for a Chinese startup named Byton.

Foxconn and Byton have sealed a deal to bring Byton’s first electric car into production by the yar 2022. Foxconn is also planning to invest $200 million in the venture as per Bloomberg’s report.

Recently, Byton missed a promised deadline of delivering electric cars by the year 2020. However, it is already 2021 and they have failed miserably. With this new dal with Foxconn, it looks promising and Byton might be finally able to enter into mass production of electric cars very soon. This brings a major challenge for Foxconn, as its entering into the electric car market.

If Foxconn succeeds in making a successful electric car. We can expect an electric car from Apple as well. In fact, recently we have been hearing a lot of news about apple’s plans of making an electric car. Before that, Apple was said to be working with chipmaker TSMC on autonomous vehicle silicon. Another brand on which apple rely on and trust the most.

As of now, we haven’t heard anything about Foxconn and Apple combined stepping into the electric car market. However, from the previous records, it is safe to say that if Apple enters into the production of electric car it will be Foxconn who will be manufacturing the car for Apple. As Apple trusts the most on Foxconn when it comes to manufacturing products for Apple.

However, the very well known analyst Ming-Chi Kuo has forecast that the “Apple Car” could arrive in 2025 but isn’t likely to debut before then.

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