Foxconn joins hands with Byton Motors and plans to mass-produce M-Byte in the first quarter of next year
After announcing its entry into the field of automotive electronics, Foxconn has taken an important step. On January 4, Foxconn announced that it signed a strategic cooperation agreement with Byton to jointly produce and promote the mass production of Byton’s new energy vehicle product M-Byte.
Foxconn will provide its advantages in advanced manufacturing technology, operational management experience and industrial resource sharing, according to the two companies’ statements. Byton Motors said that its smart manufacturing base project in Nanjing is currently designed in accordance with Industry 4.0 standards, and the installation and commissioning of process equipment such as stamping, welding, painting, final assembly, and batteries have been completed. The first batch of trial production vehicles has been in the first half of 2020. Go offline smoothly and complete relevant safety regulations testing.
Liu Yangwei, chairman of Foxconn Group, said that cooperation with Byton is an important measure for Foxconn to deploy in the electric vehicle field. Foxconn will work together with Byton to mass-produce as soon as possible to achieve mutual benefit and win-win results.
Byton is a member of the new force in domestic car manufacturing, which first launched the M-Byte in 2018. In June 2020, Byton obtained the new energy vehicle production qualification. Affected by the epidemic, Byton stopped production and restructured in July.
As Apple’s largest foundry partner, Foxconn is trying to transform from the labor-intensive foundry king in the past to a technology giant.
Liu Yangwei once pointed out that Hon Hai’s layout in the semiconductor industry is mainly concentrated in three major application fields, such as electric vehicles, digital medical care and robots, and will focus on the development of key technologies required in these fields in the next 3 to 5 years. In the field of automotive electronics, Foxconn is already supplying certain parts to automakers including Tesla.