Foxconn at Hon Hai Tech Day 23 (HHTD23) has unveiled its strategies for electric vehicles (EV), including building a smart EV platform using AI Factories, leveraging its semiconductor planning to ensure its automotive supply chain resilience and emphasizing the Contract Design and Manufacturing Service (CDMS) model for its EV business. Foxconn also showcased multiple in-house and collaboratively developed products for EVs at the event with an aim to enter volume production and real-world adoption.
With respect to strategies, Foxconn executives and partners outlined key future developments in their AI, semiconductor and EV businesses. Foxconn and Nvidia will join forces to build AI Factories and work together on smart cities, smart manufacturing and smart EVs. The two companies' partnership will help Foxconn transition to a platform solution company.
For its semiconductor business, Foxconn places emphasis on vertical integration while getting involved in every link of the supply chain. The aim is to ensure uninterrupted automotive chip supply and react swiftly to market changes. Furthermore, Foxconn exerts efforts toward three major automotive semiconductor development trends and responds to them with different strategies. For its EV business, Foxconn follows the CDMS model and adopts an approach to modularize EV manufacturing and turn the processes into platforms, allowing the model to shorten time-to-market, lower cost and expand the customer base.