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Foxconn, Apple's main iPhone maker, has expanded its activities
in electric vehicles (EVs) in recent years, announcing deals
with U.S. startup Fisker Inc and Thailand's energy group PTT
PCL.
Foxconn said it has signed a memorandum of understanding for a
wide scope of investment on EVs including battery manufacturing
with the Indonesian Ministry of Investment as well as Indonesia
Battery Corporation, energy firm PT Indika Energy and Taiwanese
electric scooter vendor Gogoro.
The cooperation, which aims to build a "new energy ecosystem" in
Indonesia, also includes the development of EV supporting
industries such as energy storage systems, battery exchange
stations and recycling, Foxconn said in a statement.
Under the partnership, an open "MIH platform" that provides both
hardware and software services will be available to companies in
Indonesia, the statement said, without giving details of the
size of the investment or production plans.
Foxconn aims to provide components or services to 10% of the
world's EVs by 2025 to 2027, Chairman Liu Young-way has said,
vowing to lower manufacturing and other costs for carmaking with
its assembly know-how as the world's largest contract
electronics manufacturer.
(Reporting by Yimou Lee; Editing by Alexander Smith)
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