Reuters Reported Earlier Foxconn Electric Vehicle Platform Unit MIH Readying EV Priced Between $10,000 And $20,000; MIH Targeting India Or Thailand To Produce New EV For Corporate Fleets
Portfolio Pulse from Charles Gross
Foxconn's electric vehicle platform unit, MIH, is preparing to launch an electric vehicle priced between $10,000 and $20,000. The company is targeting India or Thailand for the production of this new EV for corporate fleets.
August 01, 2023 | 9:36 am
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POSITIVE IMPACT
Foxconn, listed as HNHPF, is preparing to launch a new electric vehicle. This could potentially increase the company's market share in the EV sector.
The launch of a new product, especially in a growing sector like EVs, can potentially increase a company's market share and revenues. This is likely to have a positive impact on Foxconn's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The iShares MSCI India ETF (INDA) could be impacted if Foxconn chooses India as the production location for its new EV.
If Foxconn chooses India as the production location, it could boost the country's manufacturing sector and potentially have a positive impact on the INDA ETF, which tracks the Indian market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70