Hyperdrive

Apple’s iPhone Partner Foxconn Unveils First Electric Vehicles

  • Electronics manufacturer is contender for Apple car production
  • Company unveils SUV, sedan and bus concept vehicles in Taipei
WATCH: Foxconn gets into the electric car race.Source: Bloomberg)
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Foxconn Technology Group unveiled its first electric vehicles, a milestone that could boost the Taiwanese electronics manufacturer’s credentials as a serious bidder for Apple Inc.’s secretive automotive project.

The SUV and sedan models introduced on Monday are concept vehicles that the manufacturer plans to build for automotive customers rather than sell under its own brand. Executives including Young Liu, chairman of Foxconn’s flagship unit Hon Hai Precision Industry Co., unveiled the vehicles at the company’s Technology Day event in Taipei.