Foxconn, the Taiwanese contract manufacturer, best known for assembling the Apple iPhone, announced this week that it has rolled out an electric vehicle platform, which it describes as an open source electric architecture.
Called the ‘MIH Open Platform’, the Taiwanese firm says it is an open-source solution for OEMs to come out with new electric cars, and Foxconn would also manufacture these products. Foxconn says it wants to become the Android of electric cars, by offering modular solutions for OEMs.
Foxconn electric car platform & ambitions
The Foxconn MIH electric car platform will have customizable elements including size (for hatchbacks, sedans, SUVs etc.,), wheelbase, suspension type and battery size. Manufacturers can fine tune these elements for their individual needs, and the assembly will be done by Foxconn.
Chairman Liu Young-way said the company is targeting a 10 per cent share of the global EV market as soon as 2025; as per a report from Allied Market Research, the electric vehicle market would be worth USD 800 billion by 2027.
Aside from the MIH electric platform, the company said it will also introduce a solid state battery for electric cars in 2024, claiming its superiority over today’s lithium-ion equipped electric cars. This could give the company leverage to become a potential part supplier for future electric cars and SUVs. Already, car makers are working towards the next generation of electric efficiency and range, with Mercedes announcing the development of the concept EQXX which will achieve over 750 miles of range.
Foxconn is not new to the auto industry; in January 2020 it signed a joint venture with Fiat Chrysler (FCA) to build electric vehicles in China. It has also made investments in Chinese battery giant CATL, and China’s ride sharing provider, Didi Chuxing.
Foxconn’s electric platform could not have come sooner as electric car companies are exploring outsourcing their platforms and manufacturing. Just last week, Fisker announced a tie-up with Magna International Inc for the platform of its upcoming Fisker Ocean SUV, and potential future electric models. Magna will also be manufacturing the Fisker Ocean electric SUV at its European facility.
In an interview with Car&Driver, Henrik Fisker said he foresees the platform of electric cars “will be a commodity in the future”, and that the company thinks of the future of automotive the way “Apple thought of phones”. Apple does not spend its time focusing on the manufacturing of the smartphone, instead it only works on designing and developing new products, while contract manufacturers such as Foxconn make the product.