Foxconn's EV push moves from demo toward mass production

Foxconn Group's electric vehicle business is entering a new phase, shifting from concept demos to preparing for mass production and wider regional expansion. The company is betting on contract manufacturing of EVs for third-party brands.

• Foxconn shifts its EV business from prototypes to mass-production prep
• The company is expanding its EV operations into new regions
• Focus is on contract manufacturing for third-party brands