Production

Apple Contractor Foxconn Pushes Further Into Electric Vehicle Production

Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.

The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.

“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the future,” Yageo Chairman Pierre Chen says in the statement.

Release of newer models, “pent-up” demand and supportive government policies should raise EV sales from 2021 after a drop this year caused by Covid-19 containment measures, analysis firm ResearchAndMarkets.com said in July. The global EV market is forecast to expand at an 18.4% compound annual growth rate from 2020 to 2025, fellow market analysis firm Kenneth Research forecasts.

Foxconn has tried over the past decade to reduce its dependence on contract manufacturing in the face of rising competition for workers in China and slowing growth in the global consumer electronics industry. A foray this year into medical gear is part of that drive.

Foxconn’s Chairman Young Liu announced in January that it would set up a joint venture with Fiat Chrysler Automobiles and ship EVs within two years. A month later, Foxconn said it would establish a joint venture with Yulon

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Home Improvement Products Market Size Analysis: Growth Factors, Share by Regional Production, Revenue and Regional Trends with Key Players to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global “Home Improvement Products Market” trend report 2020 highlights key points of market growth and dynamics of the Home Improvement Products industry in upcoming years. The research report provides geographical analysis based on Home Improvement Products market size. This report provides in-depth information of top key players, types, and applications on the basis of Home Improvement Products market share. The report contains industry overview, definition, specifications, manufacturing cost structure analysis, raw material and suppliers, RandD status, and technology source.

Get a Sample Copy of the Report at –https://www.industryresearch.co/enquiry/request-sample/14629149

The report provides a basic overview of the Home Improvement Products industry including its definition, applications, and manufacturing technology. Deep analysis of Home Improvement Products market status, enterprise competition, advantages and disadvantages of products, industry trends, regional industrial layout characteristics, and macroeconomic policies, industrial policy has also been included.

Leading Players Covered in the Home Improvement Products Market Report Are:

  • Home Depot
  • Bunnings Warehouse
  • EBay
  • Wickes
  • Lowe’s
  • Bauhaus
  • Homebase
  • Inside Tweedy and Popp Hardware
  • Bricostore
  • Ace Hardware
  • Alibaba
  • Canadian Tire
  • Praxis
  • Rona
  • Amazon

The Home Improvement Products market share analysis report provides a competitive analysis of small and large global players. Also, the report gives in detailed information about the players on the basis of type, financial position, price, growth strategies, product portfolio, and regional presence of the players in the global Home Improvement Products market. The report also covers the key regions which are likely to have great market growth over the forecast period.

To Understand How Covid-19 Impact Is Covered in This Reporthttps://www.industryresearch.co/enquiry/request-covid19/14629149

Home Improvement Products Market Segmentation by Types:

  • Door Hardware
  • Building Materials
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