Taipei, Feb. 20 (CNA) Taiwan-based manufacturing large Hon Hai Precision Trade Co. stated on Saturday that its open electrical automotive platform is anticipated to debut three new fashions within the fourth quarter of this yr.

Chatting with the press, Hon Hai Chairman Liu Younger-way (劉揚偉) stated the MIH Open Platform pushed by his firm is anticipated to introduce one electrical bus and two passenger vehicles within the October-December interval.

Liu stated the efforts of Hon Hai — referred to as Foxconn on the worldwide market — in electrical automotive growth are anticipated to spice up its gross sales considerably in 2023.

To this point, 736 corporations have joined the MIH Open Platform as they intention to start out supplying merchandise by way of the platform, Liu stated.

In February 2020, Hon Hai introduced a three way partnership with the Yulon Group, one of many main carmakers in Taiwan.

Underneath the three way partnership — Foxtron Automobile Applied sciences Co. — Hon Hai and Yulon subsidiary Hua-Chuang Vehicle Data Technical Middle Co. are specializing in vehicle design and enhancing the MIH Open Platform, which offers {hardware} and software program to different automakers for electrical automotive growth.

Hon Hai has stated that it plans to construct the platform into the “Android of the electrical automotive trade” as a part of its efforts to diversify and penetrate the worldwide electrical car market.

Liu stated he was optimistic about electrical automotive growth worldwide, forecasting that 2024 will probably be a turning level, with a number of new electrical automotive fashions anticipated to be launched on the worldwide market.

Taiwan will face a crucial second in electrical automotive growth over the following two to 3 years, Liu stated, whereas he expressed gratitude to the federal government for its help for the electrical automotive trade and famous Hon Hai will proceed to work with the federal government within the space.

Liu stated electrical vehicles have topped Hon Hai’s operation agenda in 2021, including that the corporate has left unchanged a purpose through which it can take a ten p.c share within the world electrical automotive market.

Hon Hai has been pushing its “3 plus 3” initiative to broaden from simply manufacturing into {hardware} and software program integration. The event of electrical vehicles is central to that initiative and the intention is to construct a provide chain for the electrical automotive trade, in accordance with Liu.

Hon Hai’s “3 plus 3” initiative refers to 3 rising industries — electrical vehicles, robots and digital healthcare — which are being developed by way of synthetic intelligence, semiconductor and communication applied sciences.

In the meantime, Liu stated that Hon Hai is prone to strike a brand new contract with the U.S. state of Wisconsin by the tip of June for the corporate’s funding within the state.

Liu stated talks between Hon Hai and the Wisconsin Financial Improvement Corp. (WEDC) for a brand new contract have been continuing easily and that his firm will proceed to put money into the state and roll out merchandise catering to the market.

Information media in Wisconsin has reported that Hon Hai didn’t reside as much as a earlier promise to construct a complicated 10.fifth technology flat panel manufacturing facility within the state.

In 2017, Hon Hai and WEDC signed a deal through which the Taiwanese firm will make investments US$10 billion in Wisconsin, together with the ten.fifth technology flat panel plant within the Village of Mount Nice and in Racine County, to rework the state right into a high-tech hub.

Underneath the deal, Hon Hai would obtain about US$3 billion in subsidies from the Wisconsin authorities on the again of a plan to create 13,000 jobs.

Whereas Liu didn’t disclose every other particulars concerning the anticipated new contract, the reviews stated Hon Hai stated in November that it was keen to conform to decrease tax credit in trade for “a versatile enterprise setting.”

(By Chung Jung-feng and Frances Huang)

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