Use wechat to scan the QR code < / P > < p > to share with friends and circle of friends < / P > < p > according to foreign media reports, < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E5%AF%8C%E5%A3%AB%E5%BA%B7 "> Foxconn's < / a > Chairman Liu Yangwei said in an interview on Saturday that the first batch of < a target =" made with Foxconn's open software and hardware platform_ blank" href=" https://news.163.com/news/search?keyword=%E7%94%B5%E5%8A%A8%E6%B1%BD%E8%BD%A6 "> electric vehicle < / a > will be released at the end of this year, which marks a significant progress in its efforts to enter the automotive field. < / P > < p > < / P > < p > Liu Yangwei said: "this year will be an important year for Foxconn electric vehicles, and two light vehicles designed on Foxconn platform will appear in the fourth quarter." At about the same time, he added, the company may also help launch an electric bus. < / P > < p > last month, Foxconn and Geely established < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E5%90%88%E8%B5%84%E4%BC%81%E4%B8%9A "> joint venture < / a >. Liu Yangwei disclosed that the joint venture is currently negotiating with Faraday future and other companies on the cooperation of electric vehicles and formulating a possible development plan for electric vehicles. < / P > < p > Foxconn is always seeking to strengthen its automotive business capabilities, and the company is betting on its name of < a target = "_ blank" href=" https://news.163.com/news/search?keyword=MIH "> MIH < / a > to promote the growth of its electric vehicle business. Foxconn is also looking for new revenue sources to meet the challenges of slowing growth in the smartphone industry. < / P > < p > MIH is a customizable platform, including chassis, electronic architecture and support for automatic driving function, aiming to shorten the time and resources required by automobile manufacturers to produce new electric vehicles. At the same time, technology companies, including Foxconn customer apple, are looking to expand in the automotive sector. < / P > < p > Foxconn is always inviting suppliers from the automotive industry to join its MIH based alliance. So far, the alliance has attracted more than 700 companies from all over the world, including Qualcomm, MediaTek, arm, AWS and STMicroelectronics, according to Foxconn. Foxconn will host the first MIH alliance conference next month. < / P > < p > Foxconn's auto business currently focuses on the supply of parts, with sales of NT $9.5 billion (about US $340 million) in 2019. While Foxconn's revenue from the auto joint venture will grow this year, Liu predicts that electric vehicle related businesses will not begin to make a meaningful contribution to the group's overall sales until 2023. < / P > < p > Liu Yangwei said: "people's interest in the electric vehicle industry is rising. I think the whole electric vehicle industry will take off in 2024, one year ahead of my previous estimate, because many participants will launch their electric vehicles in that year." Foxconn's goal of using its MIH platform design for 10% of the world's electric vehicles by 2025 remains unchanged, he added. < p > < p > Liu Yangwei, chairman of Foxconn in June 2019, has been helping the OEM electronics giant find new long-term growth momentum. Electric vehicles, semiconductors, servers and key components are Foxconn's priority investment areas. < / P > < p > in the past year, Foxconn has expanded a lot in the electric vehicle industry. In addition to its partnership with Geely, the company has also established a partnership with Fiat Chrysler to develop electric vehicles for the Chinese market. In addition, it has set up a joint venture with Yulon group, Taiwan's second-largest auto manufacturer, to jointly develop electric vehicles. < / P > < p > earlier this year, Foxconn also established a relationship with electric car start-up Bayer. The company will send people to Bayer's plant to provide supply chain management and operational support to help put its production plans back on track. In July 2020, financial difficulties forced Bayern to stop operations. (small) < / P > < p >