iPhone maker Foxconn to switch to cars as US-China ties sour

AI created summarization:

• Foxconn, a Taiwanese company that makes products for Apple and other tech giants, is betting big on electric vehicles.
• The company is also moving some of its supply chains away from China, as tensions between the US and China rise.
• Foxconn is preparing for the worst-case scenario, such as a Chinese blockade or invasion of Taiwan.
• The company has already begun moving some production lines to Mexico and Vietnam.
• Foxconn is a major player in the global supply chain, and its moves could have a ripple effect on other companies.

Here are some additional details about the company's plans:

• Foxconn has invested $10 billion in a new electric vehicle plant in Taiwan.
• The company plans to produce 1 million electric vehicles per year by 2025.
• Foxconn is also working on self-driving cars and other new technologies.

The company's moves are a sign of the growing importance of electric vehicles and the changing global supply chain. Foxconn is a major player in both of these trends, and its moves could have a significant impact on the global economy.