Foxconn Technology Group to Produce EV Models Priced Below $10,000

Foxconn Technology Group's electric vehicle strategy chief Guan Run said in an interview that the company planned to produce electric vehicle models priced at less than $10,000 each. Foxconn Technology Group previously said that by 2025 the global market share of electric vehicles to reach 5% of the target remains unchanged. To achieve this goal, the group initially targeted the market where each electric vehicle is priced at $30,000-50,000.