Old and new companies jostle for smart EV market

Foxconn

Apple Inc supplier Foxconn unveiled its first three EV models in October 2021, vowing to grow them into a $35 billion business in five years.

The vehicles - an SUV, a sedan and a bus - were made by Foxtron, a joint venture between Foxconn and Taiwan-based car maker Yulon Motor Co. Foxconn first mentioned its EV ambitions in November 2019 and has since moved relatively quickly.

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