Foxconn's EV unit targeting India, Thailand to produce new car

Foxconn's EV unit Mobility in Harmony CEO Jack Cheng said the company is looking at India or Thailand as potential sites to manufacture a small battery-powered car. India is a potential "emerging power for the next generation" in the EV sector, Cheng stated. The three-seater electric car, which is currently under development, will be priced between $10,000 and $20,000.