TAIPEI: Taiwan’s Foxconn on Monday announced a partnership with Thailand’s state-run energy group PTT PCL to make electric cars in the Southeast Asian country, adding to a string of such deals by the iPhone assembler as it makes forays into the car market.
Foxconn, Apple’s main iPhone maker, has expanded its activities in electric vehicles (EVs) over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group as well as Italian automobile company Stellantis.
Foxconn and PTT have signed a memorandum of understanding to cooperate in making EVs and their components for the Thai market, the two companies said in a statement, which also said that the virtual signing ceremony was presided over by Thailand’s Prime Minister Prayuth Chan-ocha.
