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The fiercely competitive market and the turbulent global economy have made Foxconn, the world's largest foundry company, ready to diversify. Today, many sources show that it is making efforts to auto parts business and has made some progress.
Foxconn is unlikely to enter the vehicle market
It is reported that Foxconn formally entered the automotive sector, its auto parts and components have entered the supply chain of BMW's manufacturers, and Foxconn auto business is not limited to vehicle-mounted entertainment equipment, but also related to automotive electrical machinery, central control security, automotive electronics, etc. High-tech system. There is also news that Foxconn wants to enter the electric car market.
As soon as the news came out, Foxconn will gain a lot of attention when it comes to auto parts or vehicle applications. If we enter the vehicle, this will be a huge leap forward for Foxconn, and it will also trigger industry conjecture that Foxconn and its old rival "BYD" will re-open.
However, the Shanghai Daily reported on multiple investigations yesterday and found that the possibility of Foxconn entering the vehicle market is very small, and it is more likely to enter the auto parts sector. The auto parts sector is also a flag in the diversified layout of Foxconn.
"I haven't heard of it." Hearing news in the automobile field, Foxconn spokesman Liu Kun told the Shanghai Daily News reporter and said that he would not comment on market news.
Strengthen the auto parts business to pave the way for diversity
"Foxconn got involved in the auto parts business many years ago. Now there are some orders in this area, but now the company hasn't set up a special automotive division." Foxconn told reporters on the middle level that Foxconn is unlikely to enter the vehicle market. Because the car is a very complex project, "and this is not Foxconn's strengths, the company's strengths in the consumer electronics field."
It is worth noting that Foxconn did not mention "car" in its 2012 report and this year's semi-annual report, and clearly stated that "proactively expanding our business and pursuing customer diversification (especially in Asia) is still our top priority." The company's semi-annual report this year shows that in the future, the company will put resources in the middle and low-end smart phone market, and put the time and effort into developing new customers and manufacturing new mobile devices. It is enough to see that the current entry of Foxconn auto parts into the BMW Benz supply chain is only the latest development of the company's "new customers" or "diversification".