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Sharp’s parent to focus on electric cars

Sharp is a division of Foxconn of Taiwan (aka Hon Hai Precision)

  • “We are not in the business of selling our own brand of electric vehicles, but we do want our customers to sell a lot of electric vehicles”; stated Liu Young-way, chairman of Foxconn
  • Aims to manufacture much of the world’s electric vehicles
  • Goal of $31 billion in electric vehicle sales revenue in 2025
  • Will use plants in Taiwan, Thailand and the U.S.

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