TAIPEI, Taiwan (AP) – Foxconn Technology Group, the world’s largest electronics maker, is considering making electric vehicles at its much-anticipated Wisconsin plant, which has been postponed since the announcement of 2017, the company president said on Tuesday.
The decision will be made between going to Mexico or the United States to produce electric vehicles. This was stated by Foxconn President Yang Lu at a press conference in Taipei, Taiwan. He said the decision, which will be finalized by July 1, will depend on business, not politics.
The Wisconsin project was postponed after Foxconn initially signed a contract with the state of Wisconsin during the Gover period. Scott Walker will earn nearly $ 4 billion in state և local tax incentives in 2017 at a $ 10 billion home screen factory, which employs up to 13,000 people. But the Republican governor lost his re-election bid in 2018 with Democrat Tony Evers, who ran as a critic of the bill.
Following the signing of the deal, Foxconn announced that it was downsizing the plant. In October last year, the state of Wisconsin told Foxconn that it could not be eligible for billions of dollars in state tax credits until it signed a new deal for a large-scale factory complex. The two sides are currently negotiating a new deal.
“I took on the task of Wisconsin, I have to make it viable, so I have to find the right product for that place,” Lew said Tuesday. “Whether it’s Wisconsin or Mexico, it’s not political, it’s business from my point of view.”
“But as I said, first of all I had to have a product that makes sense. It is number one, ”he added. He said he saw government subsidies as a short-term support measure that “would not be maintained if the product did not make sense”.
Foxconn, best known for producing Apple iPhones, is now looking at the electric vehicle market, which automakers believe will dominate the industry in the coming years.
Lew said the company wants to take over 10 percent of the power plant market share, whether the company produces all vehicles or components.