View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 23, 2021

Hon Hai plans EV chip and software R&D

New design centre to focus on software for EV self driving systems, smart connectivity and smart cabins.

By Graeme Roberts

Taiwan’s Hon Hai Industry Precision plans to establish a new semiconductor and software development centre, in the New Taipei City special municipality, to position itself as a supplier of advanced technology to the future automotive industry.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

The Taiwan company, also known as Apple’s main contract manufacturer Foxconn, had invested heavily in the last two years to become a significant player in the global electric vehicle (EV) industry.

It had developed the MIH dedicated EV platform with powertrain which it offers to potential customers and is in the process of establishing an effective EV supply chain.

According to local reports, Hon Hai said the new design centre in the Baogao Science and Intellectual Park would focus on developing software for self driving systems, smart connectivity and smart cabins for EVs.

The company would hire 250 software engineers for the centre, which was set to rise to 1,000 employees within three years as the company stepped up R&D to establish itself as the “Android of the electric vehicle industry”.

Local analysts thought Hon Hai planned to build a high tech EV supply chain cluster in New Taipei City, also home to Foxtron Vehicle Technologies, Hon Hai’s auto joint venture with local automaker Yulon Group.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: , , ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto