AUTOMOTIVE SUPPLIERS Smart manufacturer Foxconn positiones itself in the automobile industry
Taiwan's Foxconn Technology Group, one of the largest electronic product manufacturers globally, presents a product world for the electronic vehicle (EV). The platform for electric vehicles called MIH offers both software and hardware solutions for future mobility.
Foxconn Technology Group, a smart manufacturing company, debuted MIH, it's software and hardware open platform for electric vehicles (EV). The Taiwanese company introduced EV technologies, including manufacturing key EV components in its first Foxconn Technology Day in Syntrend Creative Park in Taipei. Foxconn is developing its growing EV business and showcases its engagement in building an ecosystem of EVs in Taiwan and across the world.
"Our vision at Foxconn is to work with leading customers around the world to create an inter-connected world with smart technologies. We do that by providing next-generation technology solutions to our customers and partners, in turn supporting them to provide products with the highest value to their customers," said Young Liu, Chairman of Foxconn Technology Group, "Foxconn continues to be committed to the research and development of next-generation technologies in new industry sectors, products, and manufacturing processes. We founded the Foxconn Research Institute to accelerate the conceptualization and development of new technologies for businesses, products, and manufacturing processes."
Open platform and key components create a comprehensive EV ecosystem
Foxconn demonstrates its commitment to the transformation of the traditional automotive industry by implementing the company's vision of "3+3=∞" which symbolizes the infinite possibilities created by the group's industrial advancement and emerging technologies, in the launch of its EV hardware and software open platforms and the development of key EV components.
MIH, Foxconn's "EV software and hardware open platform," tackles EVs' current development pain points through being "software-defined" – creating software and hardware separation and enabling an open ecosystem. By allowing developers access to key technologies and tools for developing EVs on MIH, Foxconn reduces the entry barriers to the industry, encouraging more companies to be involved in developing EVs, which will result in exponential growth for the industry. Leveraging the MIH platform, automobile manufacturers will develop EVs for different models, including Sedans and SUVs, among others. Foxconn aims to position MIH as the "android system of the EV industry" and, together with industry partners, will work towards the goal of creating a "software-defined" open ecosystem for the EV manufacturing industry.
In addition to launching MIH, Foxconn also showcased its technology and development of key EV components and parts. Foxconn invests in building the EV industry's long-term success and has announced plans to debut a commercialized solid-state battery by 2024. The new commercialized solid-state battery that will offer high performance and safety at a low cost will be the solution to the woes of EVs running on liquid-state batteries. Through years of research, Foxconn has developed a unique high-intensity die-casting material that is strong, highly malleable, and resistant to corrosion, allowing Foxconn's lightweight and modularized open chassis power platform to be a competitive option in the market.
Pioneering technology research programs launched in Taiwan
At the event, the Foxconn Research Institute also announced ten pioneering technology research and development programs, intending to bring new inspiration to Taiwan's technological industry and nurture local talent, with the end goal of contributing towards the economic development in Taiwan. In alignment with Foxconn's "3+3" strategy for research and development, the ten major programs include building a high computing engine platform, IoT chip design with ultra-low energy consumption, hardware safety mechanism for ECU chips automobiles, and quantum computers for silicon industry development, among others.
According to research conducted by Boston Consulting Group, the global EV market in 2025 to 2030 will reach 36 million vehicles per year. With the robust semi-conductor and ICT development in Taiwan, Foxconn and other industry partners are committed to making a significant contribution to the growing EV market in Taiwan and around the world.