Foxconn, during its 2023 Foxconn Tech Day, has introduced the MODEL N electric logistics vehicle and the mass-production version of the MODEL B crossover SUV. These offerings cater to different segments of the electric vehicle market, showcasing Foxconn’s versatile electric vehicle solutions. Additionally, they presented several models in the MODEL C lineup.

Foxconn’s Chairman, Young Liu, highlighted the company’s strategic transformation, stating, “Foxconn is turning from a manufacturing service company into a platform solution company. Foxconn’s CDMS (Commissioned Design and Manufacturing Service) service model is total solutions and bespoke solutions in the automotive space.”

MODEL C has successfully passed multiple testing and validation phases. Foxconn announced plans for performance and extended-range versions of MODEL C in the near future, with more robust powertrains, faster 0-100 km/h acceleration, and longer endurance. These options offer brand customers a range of choices. The vehicle is already in use by brand customers in Taiwan, with official sales now underway. Foxconn is set to begin mass production and deliveries starting in November, allowing consumers to hit the road in the first quarter of the coming year.

Liu also disclosed that LUXGEN n7 pre-orders have exceeded 5,000 units. Through CDMS, LUXGEN can focus on marketing and service, while Foxconn concentrates on design and manufacturing. This division of labor allows for faster time-to-cost and time-to-market, a strategy expected to yield more success stories in the future.

Liu emphasized that as with PCs and smartphones, automotive manufacturing is also shifting toward an outsourcing model. As competition intensifies, Foxconn’s role becomes more prominent, and the demand for specialized manufacturing services increases. Foxconn completes 80% of the operations, while customers handle the remaining 20%, thereby creating added value.

When asked about the growing proportion of OEM development in mainland China, Liu explained that CDMS has not yet been opened in China. However, with the increasing competitiveness of the Chinese electric vehicle market, cost-saving trends will likely emerge. When the time is right, Foxconn will establish electric vehicle manufacturing capabilities in China.

Regarding the three electric systems, electric motors, electronic control, and batteries, Liu stated that these systems will undergo local production in regions of relevance, with major research and development efforts carried out in Taiwan. A portion of production will remain in Taiwan, while another portion will be localized. The proportion of these three systems will depend on the electric vehicle production volume in other countries and collaborations with local brand companies. In Taiwan, the plan is to achieve an annual production scale of 50,000 to 100,000 electric vehicles, with the goal of securing a 10% market share.

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(Photo credit: Foxconn’s Stream)

Foxconn held its Tech Day on October 18, 2023, where Chairman Young Liu addressed the company’s stance and strategy in response to the high growth of the EV market in mainland China, which significantly impacts the global EV industry.

Liu began by discussing the prevailing trend of electric vehicles in China, emphasizing that while the focus has primarily been on the development of EVs, the business model has received limited attention. Foxconn’s approach in the EV industry centers on its Commissioned Design and Manufacturing Service (CDMS) business model, but Liu stressed that in China, CDMS alone is not permitted. Automakers in mainland China must engage in both manufacturing and sales.

Liu explained that the CDMS model doesn’t involve the creation of Foxconn’s own brand, a practice currently disallowed in mainland China. However, the competitive landscape is shifting, with fierce competition, particularly among domestic automakers. With an estimated 100 to 200 automakers in China, the market has become increasingly intense, prompting a focus on minimizing costs and investments. In this context, Foxconn’s CDMS model emerges as a viable solution, as investing in 100 automakers would be prohibitively expensive. Liu anticipates that China will eventually open up to the outsourcing model. While Foxconn isn’t currently engaged in EV manufacturing in mainland China, it’s gradually building relevant capabilities, preparing for the moment when outsourcing becomes permissible, enabling Foxconn to take a leading position.

Regarding the interest of Japanese automotive giants in Foxconn’s electric vehicles, Liu noted that their stance is clear. They consider themselves partners to established auto brands. Traditional automakers have traditionally covered all aspects, transitioning from internal combustion engines to batteries. However, in the age of electric vehicles, the shift can no longer be about the engine as a barrier to entry into the industry. Traditional automakers must now contemplate how to create value, which represents their most significant challenge.

Manufacturing, Liu noted, is no longer the source of value that traditional automakers can create. Instead, they should focus on marketing and services. It involves understanding how to leverage apps and scenarios to offer consumers unique experiences. Traditionally, brands like Mercedes-Benz stood for luxury, while BMW represented driving performance. In the era of electric vehicles, positioning needs to shift toward services rather than engine definitions.

Liu offered the analogy of televisions to illustrate his point. Sony was a leader during the cathode-ray tube era, but as the market transitioned to liquid crystal displays, the focus shifted to panels, and every brand became indistinguishable. Liu’s advice to potential Japanese automotive partners is to delve deeper into understanding the users, emphasizing that this will be critical in the age of electric vehicles.

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• [News] Foxconn Aims to Create AI Factory for Smart Cities and EVs with NVIDIA
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(Photo credit: Foxconn)

Foxconn’s annual Technology Day kicked off today at the Nangang Exhibition Center, following the tradition of celebrating founder Terry Gou’s birthday. Although Mr. Gou was not present at the event, NVIDIA CEO Jensen Huang made a surprise appearance, introducing the production version of Model B and highlighting its appeal to young couples.

Jensen Huang announced that he and Foxconn Chairman Young Liu are collaborating to establish an AI Factory. He shared hand-drawn sketches, emphasizing that they are adopting a novel approach to software development, enabling computers to create software based on human preferences and experiences. To ensure a computer’s ability to learn effectively, it must have access to abundant data from which it can derive valuable insights and experiences..

He unveiled the vital role of robust computers in facilitating AI learning. With NVIDIA’s assistance, Foxconn may collect enough data for AI to process shape network models, paving the way for innovative intelligence.

Jensen Huang then emphasized that this groundbreaking system is set to empower any factory or company, with Foxconn’s cutting-edge electric vehicle Model B enabling interaction between drivers and passengers. The AI Factory will offer a wide array of tools, including software solutions, to enhance the overall quality of life.

Chairman Liu reiterated their determination to bring AI Factory into fruition, backed by three core platforms: Smart City, Smart Manufacturing, and Smart EVs, all of which are driven by the innovative AI Factory.

Huang noted that these efforts will all be fueled by AI intelligence, ultimately creating substantial value. In a light-hearted tone, he concluded, “Let’s meet at the night market!”

Adding an interesting twist to the day’s events, Foxconn’s Tech Day featured three Foxconn N7 electric cars in deep blue, light blue, and white. Notably, the white vehicle showcased a handwritten message from Jensen Huang that read, “To Young and my friend at Foxconn, beautiful and amazing EVs! Jensen Huang.”

(Photo credit: Foxconn’s Stream)

In an event held on October 18, 2023, Foxconn Chairman Young Liu unveiled the company’s latest electric vehicle, MODEL N, demonstrating Foxconn’s comprehensive vertical integration capabilities. He also encouraged traditional automotive companies to harness Foxconn’s strengths for their future endeavors.

Chairman Young Liu expressed his excitement at the event, saying, “I am so excited to show off our latest EV model. This is MODEL N. With this new EV, we demonstrate a full range of vertically integrated capabilities. Traditional automotive companies, yes, I’m talking to you-can tap in all of these.”

He highlighted Foxconn’s achievements in the automotive industry over the past three years, including the introduction of various eye-catching products such as high-end sedan, passenger crossover, SUV, compact pick-up, commercial bus, and commercial van.

Chairman Liu emphasized that Foxconn’s CDMS (Commissioned Design and Manufacturing Service) business model provides the automotive industry with total and bespoke solutions. This business model significantly reduces costs and shortens time to market, which are critical factors for the future success of EV.

During the event, attendees had the opportunity to explore Foxconn’s electric logistics vehicles in the morning. In the afternoon, they were introduced to LEO, Foxconn’s Low Earth Orbit satellite. This satellite has already been packed and is scheduled to launch next month.

Chairman Liu mentioned that, before this, two of Foxconn’s CSO would setp onto the Tech Day stage to share their insights and perspectives on the EV and semiconductor industries.

(Photo credit: Foxconn’s Stream)

Foxconn is set to host its Technology Day event on October 18, with a significant emphasis on electric vehicles (EVs). Market insiders have revealed that Foxconn will showcase its first registered electric car based on the Model C platform and unveil its plans for mass production of the Model B sample vehicle.

Foxconn’s Technology Day will take place at the Taipei Nangang Exhibition Center, Hall 2, with Chairman Young Liu sharing the strategic vision of the Foxconn Group during the morning session. Foxconn will also unveil its electric vehicle and semiconductor strategies. Partners in Foxconn’s electric vehicle strategy will engage in discussions. It is expected that Jensen Huang, the founder of NVIDIA, a prominent chip design company, will share updates on their collaboration with Foxconn regarding automotive chips and applications during Foxconn Technology Day.

Foxconn recently released short videos on their official Facebook page, teasing the production version of their electric logistics concept vehicles, Model N and the urban-friendly Model B. On the upcoming Technology Day, which falls on the 18th of the month, around noon, Foxconn is set to unveil their new electric vehicles.

According to a report by the CNA, market insiders disclosed to reporters that Foxconn’s Technology Day will showcase the debut of Luxgen’s first registered electric passenger car, built around the Model C platform. The event is expected to reveal the production plans for the Model B and might also introduce new color options for the production version of Model B. However, Foxconn has declined to provide any official comments on these speculations.

As part of the Foxconn-Luxgen joint venture, Foxtron Vehicle has previously stated that the Model B sample vehicle is slated to make its debut in October. Market analysts expect the earliest launch of the Model B sample vehicle to target the Taiwanese market, with the progression aligning with the sales performance of Luxgen’s first electric passenger car.

Foxtron Vehicle has unveiled several EV prototypes, including Model B, Model C, Model E, and Model T. The production version of the Model T electric bus is already available in Taiwan, while the Model C electric passenger car has been designed for mass production and is expected to be delivered in the fourth quarter of this year. The Model C’s international release is forecasted for the third quarter of 2025.

(Photo credit: Foxconn)