Transcript: Foxconn Has a Plan to Upend the Electric Vehicle Industry

Most people think of Foxconn as the company that assembles iPhones. But it's a lot more than that. In fact the company really got started by manufacturing all of the tiny components and connectors for the PC industry around the world, long before the iPhone ever existed. Now it wants to go back to its roots, but instead of making parts for PCs, it wants to make all the key components for electric vehicles. The potential is massive, and if they get it right, it could be wildly profitable. On this episode of the podcast, we speak to Bloomberg Opinion's Tim Culpan who has followed the company for a long time. He explains how EVs fit into Foxconn's strategy, and how it plans to win in the space. Transcripts have been lightly edited for clarity.