Automobile players in Thailand that wish to assemble electric vehicles will be able to access the entire value chain of services offered by a newly formed JV being set up as part of this project
Foxconn is furthering its presence in the electric vehicles (EV) market and is now teaming up with Thailand’s state-run energy group PTT PCL to develop electric vehicles in Thailand.
The company said, “PTT and Foxconn signed a Memorandum of Understanding to collaborate in setting up an open platform for producing electric vehicles (EV) and key components to serve the EV sector in Thailand. The platform, comprising hardware and software services, will be available to all automobile players in Thailand looking to accelerate their production and sales of EVs in Thailand and elsewhere in the ASEAN region.”
Automobile players in Thailand that wish to assemble electric vehicles will be able to access the entire value chain of services offered by a newly formed JV being set up as part of this project.
The new platform will entail an ecosystem combining state-of-the-art technologies across the EV value chain, including auto parts manufacturing.
It will build on Foxconn’s recently-established MIH industry alliance, an open network that enables developers and manufacturers to offer a complete software and hardware platform to build electric cars, it added.
“This cooperation with PTT and the Thai government to realise the vision of sustainable development of the EV industry demonstrates that the MIH ecosystem is growing,” Foxconn chairman Liu Young-way said.
The Taiwanese contract chip manufacturer has delved into expanding its EV presence recently, partnering up with various companies throughout regions to extend a global reach. Its collaborations include Byton and Zhejiang Geely Holding Group in China, Stellantis in Italy, and now, PTT PCL in Thailand.
Foxconn aims to provide components or services to 10per cent of the world’s EVs by 2025 to 2027, Liu said in October, vowing to lower manufacturing and other costs for carmaking with its assembling know-how as the world’s largest contract electronics manufacturer.
