Big technology companies like Foxconn and Huawei are entering the electric car market and changing how cars are made.
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New companies like Foxconn and Huawei are trying to become important in the electric vehicle business. This is making car companies like Nissan and Honda think about working together to compete.
Foxconn, a company from Taiwan, is known for making iPhones, but now they want to make electric cars too. They are investing in car parts and working with other companies to learn and grow in this new area.
Foxconn has big goals and wants to make a large portion of the world's electric vehicles. They are working with many different companies to make this happen, including Stellantis, ZF, and Sharp.
Other technology companies like Huawei, Xiaomi, and Alibaba are also interested in making electric vehicles. They see that cars are becoming more like computers, and they want to use their technology skills in this area.
Making electric vehicles is difficult, and even Foxconn has faced challenges with companies they partnered with. However, Foxconn is still very determined to succeed and has already designed several electric vehicle models.
Questions
What are Foxconn and Huawei trying to do?
They are trying to become important in the electric vehicle business.
What is Foxconn known for making?
Foxconn is known for making iPhones.
Why do other technology companies want to make electric vehicles?
They want to use their technology skills because cars are becoming more like computers.
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