MIH EV Consortium Targets Middle East and Southeast Asian Markets

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Taipei, March 26 (CNA) The MIH Consortium, promoted by Taiwanese manufacturing giant Hon Hai Precision Industry Co. as a platform for the development of electric vehicles (EVs), is eyeing markets in the Middle East and the ‘South East Asia.

In a statement, the consortium, which was established in July 2021, said its members were preparing to enter these markets in 2023-2024 and planned to intensify cooperation in 2025 to boost overseas shipments.

The MIH consortium held a partners’ conference and an investment meeting on Friday with the participation of representatives from more than 200 members.

Addressing the conference, Chairman of Hon Hai, Liu Young-way (劉揚偉), said that the development of electric vehicles has become a turning point in the global industry, because electric vehicles need three technologies of major power supply areas – batteries, electrical engineering and power control – as well as software development efforts. and semiconductors.

Liu said that as long as EV developers master these critical technologies, they will be able to dominate the EV market.

“The cooperation between Hon Hai and the MIH Consortium has started. I believe the cooperation is expected to create huge business opportunities,” Liu said.

The MIH Consortium from the MIH EV Open Platform was launched by Hua-Chuang Automobile Information Technical Center Co., a subsidiary of Taiwanese automaker Yulon Group.

Hon Hai formed a joint venture with Hua-Chuang in February 2020, called Foxtron Vehicle Technologies Co., to bolster the platform. Hon Hai expressed ambitions to make the platform “the Android of the electric car industry” as part of its efforts to enter the global electric vehicle market.

In March, approximately 2,200 companies joined the MIH Consortium. Besides Hon Hai, Yulon Group, members of the alliance include: US truck brand Lordstown Motors, US software giant Microsoft Corp., US electric vehicle maker Fisker Inc., Thai state oil supplier PTT Public Co., Taiwan-based electric motor supplier TECO Electric & Machinery Co., South Korean automotive cybersecurity solutions provider Autocrypt Co., and South African electric car battery and self-driving startup Mazibuko Motor Co. .

The consortium said it has 16 working groups, such as self-driving, cybersecurity, and electronic and electrical engineering, and these working groups are expected to demonstrate development later this year to integrate resources from consortium members to build an EV supply chain.

The consortium added that Hon Hai plans to unveil its EV reference designs and start promoting its C and E models, two of three EV passenger car prototypes developed under the MIH open platform, this year. The other prototype is the Model T electric bus, and Hon Hai started delivering the buses to Kaohsiung this month.

Hon Hai has already invested in the US and Thai electric vehicle markets.

In the US market, Hon Hai has worked with Lordstown Motors to develop the Endurance electric pickup model, which is expected to begin mass production as early as the third quarter of this year.

Additionally, Hon Hai has teamed up with Fisker to build a new electric vehicle model under the U.S. brand with the aim of starting mass production by the fourth quarter of 2023.

In the Thai market, Horizon Plus Co., Ltd., the joint venture created with PTT Public Co., was established in early February and the construction of its production lines is expected to be completed in 18 to 24 months with commercial production expected. for the first half of 2024.

In February, Hon Hai announced that it had agreed to set up a joint venture in Saudi Arabia, its latest initiative in electric vehicle development.

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