TAIPEI : Foxconn-led electric vehicle consortium MIH announced plans on Tuesday for its first car, a boxy single row three-seater which it hopes will be popular with one-child families in Asia.
Betting on strong demand in Asian markets for smaller electric cars, MIH Consortium plans to build its first car, which it calls Project X, in 2023 and start mass production the following year, though no customers have been confirmed, the company said. "Build your own vehicle with Project X," Cheng said, referring to the car's modular design."It's like Lego. I can put on and take it off easily," Cheng said.Foxconn, the main supplier of Apple's iPhones, eventually wants to replicate its level of success in assembling personal computers and cellphones as it expands into building EVs.
"The American market tends towards large cars," Cheng told reporters, adding that this model would suit a single-child family.