On Tuesday, the company that makes smartphones for Apple Inc. and other global brands revealed an electric SUV that will be manufactured for a Taiwanese automaker following a similar contract model.
Foxconn Technology Group stated that the SUV will be sold as the Luxgen N7 by Yulon Motor starting next year. According to Foxconn Technology Group, the SUV should be capable of traveling 700 km (440 miles) per charge. The price of the vehicle was not announced.
Foxconn, also known as Hon Hai Precision Industry Co. plans to make electric buses and cars for companies in China, North America, and Europe. According to Foxconn, clients can alter their appearances and features.
This venture will add to an already crowded global market that includes electrics offered almost by every major automaker as well as dozens of promising startups.
Terry Gou, the founder of the company, stated in a statement that “Hon Hai will redefine the EV market.”
Foxconn is the largest contract manufacturer of smartphones and other consumer electronics in the world, with headquarters in New Taipei City.
Yulon was founded in the 1940s and builds vehicles for Nissan Motor Co. as well as other automakers. In 2009, the company created Luxgen, it’s brand.
One of the five models that are being considered for potential customers is the Luxgen n7.
Foxconn also showed a Model B five-seat crossover and the Model V five-seat double-cab pickup truck on Tuesday.
The company had previously announced plans to develop a sedan with Pininfarina, an Italian design house, and an electric bus called the Model T.