Foxconn is set to host an electric vehicle seminar in Japan on April 9th, with the objective of fostering a deeper understanding among Japanese automakers of its electric vehicle strategy and enticing additional original equipment manufacturer (OEM) manufacturing orders. Recently, Foxconn finalized an agreement with Mitsubishi to produce electric vehicles, marking the first Japanese contract under its Contract Design and Manufacturing Services (CDMS) framework. This development signifies a pivotal shift in the Japanese automotive industry, as it braces for increased competition from electric vehicle manufacturers in mainland China.
