iPhone assembler Foxconn sets up auto arm as Apple car looms

Foxconn, whose main listed arm is Hon Hai Precision Industry, in October unveiled its first-ever EV chassis and a software platform aimed at helping automakers bring models to the market faster. It plans to deliver its first development kit in April, with Hon Hai Chairman Young Liu saying EV-related business in the first half will be “very good”. Meanwhile, Foxconn’s key unit Foxconn Technology is reportedly expanding a plant to develop automotive metal parts.

Earlier this month, Foxconn…