On Friday, Foxconn’s Chairman Liu Young stated, the company aims to capture 10% of the global market share for electric vehicles between 2025-2027; to this end it has entered into talks with multiple carmakers for future cooperation.

“We want to push Taiwan’s EV industry to the world,” said Liu Young.

Foxconn, a major supplier to Apple Inc, is looking at new growth from sectors such as electric vehicles, digital health and robots in a drive to diversify its global investments.