Wednesday 3 September 2014

Will We See Electric Car For $15k? Foxconn to Invest 5 Billion Yuan in Its Shanxi Factories.


  We have very interesting report today from Bloomberg on Foxconn. It is all the same web: electric cars, China, Tesla and Apple. Will we see electric car for $15k produced by Foxconn in China after all? Today we get one step closer to this groundbreaking development for the mass market for electric cars.
  China moves very fast now to fight the air pollution and ignite the next industrial revolution. This collaboration with Tesla will allow it to acquire the latest technology in electric cars space. Lithium batteries and materials are already the very important foundation for this advance being built in China right now.

Powered By Lithium: Will Foxconn Make The Electric iCar For Apple Priced Under $15,000?

Everything new in this life was started with the simple question: Why Not? Can we start talking that Tesla, Apple and Foxconn Is A Match Made In Heaven To Make Electric Apple iCar Under $15k? Tesla and Apple have met after all discussing SOMETHING before. Whether it was Tesla Gigafactory for potential production of Lithium Polymer Batteries for iPhones and iPads or my beloved Apple iCar my "Chinese tea leaves" are not telling me at the moment, but these three companies have everything in the world to make the mass market for Electric Cars happen overnight: Apple with its Billions of Capital, iconic brand and marketing machine, Tesla Motors with Electric Cars Lithium Technology and Foxconn with its Low Cost Manufacturing Base for mass market production and entry into the world's largest auto-market in China. Read more."

China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.

Elon Musk With Tesla Gigafactory Starts The Race To Secure Supply Of Lithium Batteries And Lithium.


By Tim Culpan

Foxconn Technology Group will invest at least 5 billion yuan ($814 million) into its factories in northern China’s Shanxi province amid the world’s largest contract electronics manufacturer’s push into electric vehicles.
Chairman Terry Gou expects the company’s Shanxi workforce to reach 100,000 this year with annual output surpassing 60 billion yuan, Taipei-based Foxconn said in a statement, citing a speech delivered by Gou in Shanxi’s Taiyuan city today. The company didn’t provide further details on the investment.
Foxconn joins companies from Tesla Motors Inc. (TSLA) to China United Network Communications Corp. that are tapping into China’s drive to boost production and usage of new-energy cars which includes electric, hybrid and fuel-cell vehicles. The government is considering providing as much as 100 billion yuan to build charging stations and has already set a target for government procurement of electric cars.
Gou has held talks with Tesla Chairman Elon Musk and Foxconn is already providing some components for the Palo Alto, California-based company’s vehicles, he said at a shareholders’ meeting in June.
“There’s some very promising potential collaboration with Foxconn,” Musk told shareholders on June 3. “We do feel that with potential alliances like Foxconn, we could potentially expand our production faster than would otherwise be the case.”
Tesla last month signed a deal with phone carrier China United Network to build 400 charging points in 120 Chinese cities.
Foxconn, founded by Guo in 1974, has been in Shanxi for a decade and has invested 20 billion yuan there to produce optical lenses, robots and precision tooling, it said in the statement. The Taiyuan campus is also host to one of its four iPhone-assembly plants, according to Apple Inc. (AAPL)’s supplier responsibility report. Bloomberg."

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