Hon Hai in EV joint venture with Thailand’s PTT 01 Jun 2021 (Last Updated June 1st, 2021 12:09)
Apple iPhone assembler Foxconn and Thailand’s state-owned energy conglomerate PTT have signed an agreement to establish a joint venture to produce electric vehicles in Thailand.
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Taiwan’s Hon Hai Precision Industry Company (better known as Foxconn) and Thailand’s state-owned energy conglomerate PTT have signed a preliminary agreement to establish a joint venture to produce electric vehicles (EVs) in Thailand, according to reports in Taiwan.
The two companies confirmed that a memorandum of understanding (MOU) was signed remotely by Hon Hai’s chairman Young Liu and PTT’s CEO Auttapol Rerkpiboon earlier this week. The agreement follows previously held face-to-face meetings between the two executives.
EVs to be assembled like smartphones: Hon Hai
MULTI-USE: The arrangement of seats in future vehicles would be different, allowing passengers to do everything they do at home, the CEO of the firm’s EV platform said
Staff writer, with CNA
Electric vehicles (EVs) developed on a Hon Hai Precision Industry Co (鴻海精密) platform would be built like “a smartphone on a different platform,” Jack Cheng (鄭顯聰), chief executive officer of the Hon Hai-initiated MIH Open Platform Alliance, said on Saturday.
It would be the ultimate goal to make vehicles built on the platform an extension of the driver’s home, he said during an online presentation.