Foxconn ties up with Beijing Automotive Group for electric vehicle market

18th April 2014 | By Mouseworld Now Correspondent |

Foxconn-logoMumbai, India - April 18, 2014: Foxconn, a leading manufacturer of computer components and systems, has tied up with Beijing Automotive Group (BAIC) a China-based holding company of several Chinese automobile and machine manufacturers to develop new-energy batteries for electric cars. Foxconn is anticipating gaining advantages in China’s new energy vehicle (NEV) market.

 

Foxconn has been trying to enter the automobile market. In addition to the acquisition of Antec International to enter the automotive wiring harness industry, the company is also supplying components and products for high-end car infotainment systems.

 

Established in 1974, Foxconn has grown to become one of the largest ODM in the world with nearly 1,000,000 employees and revenues in excess of USD 100 billion. Foxconn’s customer base includes many famous brands in computing, communications and consumer electronics, such as, Apple, Cisco, Dell, HP, Nokia and Sony. With expertise in design and manufacturing, Foxconn’s Channel Division helps channel customers with barebones and component products, giving them the freedom to create their own solutions.

 

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