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A new electric car venture is announced by Foxconn, the maker of smartphones

The Taiwanese organisation that manufactures smartphones for Apple Inc. And different international manufacturers announced plans Monday to provide electric powered vehicles for vehicle manufacturers under a comparable contract model.


Foxconn Technology Group will produce automobiles and buses for brands in China, North America, Europe and different markets, stated its chairman, Young Liu. He said the clients can regulate their appearance and features for his or her markets.


Foxconn, additionally called Hon Hai Precision Industry Co., enters a crowded worldwide marketplace with electrics being provided by means of almost each installed automaker and dozens of ambitious startups.


The flagship Model E sedan, evolved with Italian design house Pininfarina, is because of be launched in 2023, the business enterprise stated. It said the Model E will seat five and feature quite a number 750 kilometres on one price.


Liu noted automakers Fisker Inc. And Taiwan's Yulong Group as customers.


The newspaper Taiwan News stated last week other capacity customers include Stellantis, the automaker formed via the merger of FIAT Chrysler and Peugeot, however Liu did now not confirm that.


Foxconn said its first electric powered bus, the Model T, can have a number of less than four hundred kilometres on one rate.

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