I'm really curious here. Unlike electronics, automobiles isn't an industry where contract manufacturers have historically been the norm. This is because auto assembly relies far more on skilled labor & expertise, as compared to electronics, where even if skill is necessary, labor management is extremely important, as they are labor intensive, relative to autos. From what I have read about EV manufacturing, I don't think it's any more labor intensive than other forms of auto assembly. Is there a particular reason Foxconn is being tapped as contract manufacturer for these expansions? Saudi Arabia's EV project also using them (that's more understandable ofc). Is there some specific IP/process knowledge they hold? It's an interesting new trend. As far as I know, there's just 1 other major contract manufacturer in the auto space (Valmet)
Super excited for Foxconn's entry into the EV space. That would be amazing for new EV start-ups.
They got an interesting deal to gain experience. The vehicle will be produced very soon (2026).
I'm really curious here. Unlike electronics, automobiles isn't an industry where contract manufacturers have historically been the norm. This is because auto assembly relies far more on skilled labor & expertise, as compared to electronics, where even if skill is necessary, labor management is extremely important, as they are labor intensive, relative to autos. From what I have read about EV manufacturing, I don't think it's any more labor intensive than other forms of auto assembly. Is there a particular reason Foxconn is being tapped as contract manufacturer for these expansions? Saudi Arabia's EV project also using them (that's more understandable ofc). Is there some specific IP/process knowledge they hold? It's an interesting new trend. As far as I know, there's just 1 other major contract manufacturer in the auto space (Valmet)