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Foxconn has inaugurated a research and development centre for electric vehicles in Zhengzhou, China, aimed at reducing the production cycle for new models to 24 months. The facility will focus on next-generation electric vehicles, electric architectures, and intelligent driving technologies.

Foxconn plans to advance its role as a contract manufacturer for electric vehicles, similar to its model in the smartphone sector. The company is also building a headquarters for its New Business division in Zhengzhou, focusing on electric vehicles, digital health, and robotics.