Why Foxconn can now build EVs and take a stake in Nissan?
There are at least 5 reasons for pursuing this strategy: 1/ Escaping the low-margin trap Foxconn’s core business (ie. contract manufacturing consumer electronics) is a relentless, low-margin game. The shift into EVs is a strategic necessity. Apple’s iPhone supply chain won’t sustain growth forever, and as I often note, contract manufacturers are at the mercy […]