Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Foxconn Technology Co., Ltd.    2354   TW0002354008

FOXCONN TECHNOLOGY CO., LTD.

(2354)
  Report
End-of-day quote. End-of-day quote Taiwan Stock Exchange - 11/24
51.6 TWD   -1.53%
11/20Taiwan October export orders up again, strong outlook seen
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Apple assembler Foxconn aims to supply to about 3 mln EVs by 2027

10/16/2020 | 01:42am EST

TAIPEI, Oct 16 (Reuters) - Foxconn aims to provide components or services to 10% of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said on Friday.

The Taiwanese contract manufacturer, formally called Hon Hai Precision Industry Co Ltd and a major supplier to Apple Inc , is looking at growth from sectors such as EVs, digital health and robots in a drive to diversify its global investments.

"We want to push Taiwan's EV industry to the world," Liu said in Taipei.

In January, automaker Fiat Chrysler said it has plans for a joint venture with Foxconn to build electric cars and develop internet-connected vehicles in China.

"Hon Hai has to ready our open platform as soon as possible. We need to move fast to grab market share," he said, referring to Foxconn's pledge to build an "open platform" to make key EV components including battery and car-internet services to automobile makers.

Foxconn will work with multiple auto makers to reach the goal of 10% global EVs, Liu added, representing around three million vehicles.

Liu, however, declined to provide a revenue target for the EV business or details citing "ongoing talks".

Foxconn is planning to launch its solid-state battery for EVs in 2024, which is a high-capacity energy storage device that improves on current batteries.

Foxconn's Taipei-listed shares closed up 0.6% on Friday, outperforming the broad market, which ended 0.6% weaker.

Liu has said earlier this year that Foxconn was working to build supply chains in China and the United States, amid a years-long drive to diversify its investments around the world. (Reporting by Yimou Lee; Writing by Ben Blanchard; Editing by Tom Hogue and Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.16% 115.17 Delayed Quote.55.08%
FIAT CHRYSLER AUTOMOBILES N.V. 1.91% 13.094 Delayed Quote.-2.62%
FOXCONN TECHNOLOGY CO., LTD. -1.53% 51.6 End-of-day quote.-22.05%
HON HAI PRECISION INDUSTRY CO., LTD. -1.09% 82 End-of-day quote.-9.69%
All news about FOXCONN TECHNOLOGY CO., LTD.
11/20Taiwan October export orders up again, strong outlook seen
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/18Vietnam says Taiwan's Foxconn starts factory to make displays
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12Foxconn sees strong iPhone 12 demand, reiterates U.S. investment
RE
11/12HON HAI PRECISION INDUSTRY : Foxconn Third-Quarter Net Profit Edged Higher on Im..
DJ
11/12HON HAI PRECISION INDUSTRY : Foxconn Technology Group Posted Nine-Month Net Prof..
DJ
11/10Apple's Supplier Foxconn Targets Net-Zero Emissions by 2050
DJ
11/09Apple puts Taiwanese supplier Pegatron on probation over student workers
RE
More news
Financials
Sales 2020 106 B 3 737 M 3 737 M
Net income 2020 7 382 M 259 M 259 M
Net cash 2020 57 281 M 2 011 M 2 011 M
P/E ratio 2020 9,99x
Yield 2020 5,09%
Capitalization 72 987 M 2 559 M 2 562 M
EV / Sales 2020 0,15x
EV / Sales 2021 0,09x
Nbr of Employees -
Free-Float 64,1%
Chart FOXCONN TECHNOLOGY CO., LTD.
Duration : Period :
Foxconn Technology Co., Ltd. Technical Analysis Chart | 2354 | TW0002354008 | MarketScreener
Technical analysis trends FOXCONN TECHNOLOGY CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 53,33 TWD
Last Close Price 51,60 TWD
Spread / Highest target 16,3%
Spread / Average Target 3,36%
Spread / Lowest Target -12,8%
EPS Revisions
Managers
NameTitle
Han Ming Li General Manager & Director
Chih Chien Hung Chairman
Tzu Hung Li Head-Finance
Hsueh Kun Li Director
Fang I Cheng Director