Taiwan iPhone maker Foxconn sets its sights on ever more crowded electric vehicle market

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against a flood of ambitious competitors.

Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications.