News / Foxconn unveils plan to build electric vehicles – but not in China

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Developments this week have laid bare the growing enmity between the US and China, as tit-for-tat supply chain adjustments and reshorings demonstrate a disintegration of trust in globalisation.

Foxconn, headquartered in Taiwan, announced it would respond to an increased mistrust in the people’s republic by switching its production focus from the centralised production of iPhones and laptops in China onto manufacturing  electric vehicles (EVs) across a wide array of countries.

Chairman Young Liu told the BBC car manufacturing was intrinsically a less ...