Taiwan media: Foxconn's first electric vehicle Model T will be delivered next month, with a range of more than 400 kilometers

Jiwei Network news, on February 14, according to the Taiwan media "Economic Daily" reported that Foxconn's first electric vehicle entered the countdown to delivery, the first customer for Kaohsiung Passenger Transport in Taiwan purchased electric bus Model T, will be officially delivered in early March, a total of 30 to 50 vehicles. This means that foxconn's commercialization of electric vehicles has officially started, and related businesses have begun to ship and contribute to performance.

Source: Taiwan media "Economic Daily", the same below

According to reports, the Model T has an endurance of more than 400 kilometers and is equipped with a tiltable electronic pneumatic suspension system. When stopping at the station, the body can be slightly tilted and you don't need to take too many steps to get on the train. In addition, the car is equipped with a 48-inch TV above the driver's seat and is the first bus in Taiwan to be equipped with an internal wheel error warning system.

After delivering the electric bus Model T to Kaohsiung passenger transport in early March, Foxconn's next baton will be handed over to the US market, and the electric pickup Endurance will be delivered to the US start-up electric vehicle company Lordstown in the third quarter. This will be Foxconn's first electric passenger car to officially hit the road. At the same time, Foxconn is also actively expanding its market layout in Southeast Asia such as Thailand.

Foxconn stressed that the group aims to "maximize profits" this year. "Foxconn's gross profit margin will increase from the existing 5%-6% to 7%, which can rely on internal digital transformation and increased sales of parts. However, to increase from 7% to 10%, it is necessary to rely on the continuous promotion of new products such as electric vehicles. With the electric vehicle developed by Foxconn officially launched in March and successively contributing to the performance, foxconn's gross profit margin target of 10% in the future can be expected. Foxconn chairman Liu Yangwei said.

(Proofreading/Stan)