Foxconn, based in Taiwan, announced a partnership with Indonesia’s Investment Ministry and other companies to boost the development of electric vehicles in the Southeast Asian country, the latest in a long line of similar agreements for the iPhone maker.
In recent years, Foxconn, Apple’s major iPhone manufacturer, has expanded its electric vehicle (EV) efforts, announcing partnerships with American startup Fisker Inc and Thailand’s energy giant PTT PCL.
With the Indonesian Ministry of Investment, Indonesia Battery Corporation, energy provider PT Indika Energy, and Taiwanese electric scooter vendor Gogoro, Foxconn has inked a memorandum of understanding for a wide range of EV investments, including battery manufacturing.
According to Foxconn, the collaboration intends to create a “new energy ecosystem” in Indonesia, which involves the development of EV supporting sectors such as energy storage systems, battery exchange stations, and recycling.
The cooperation will give enterprises in Indonesia an open “MIH platform” that will supply both hardware and software services, according to the announcement, which did not specify the magnitude of the investment or production goals.
Chairman Liu Young-way said Foxconn plans to supply components or services to 10% of the world’s electric vehicles by 2025 to 2027, promising to cut manufacturing and other expenses for carmakers with its assembly know-how as the world’s largest contract electronics manufacturer.
