Beijing (PingWest)—Foxconn, Apple’s main iPhone maker, has confirmed that it will begin to manufacture electric vehicles in North America by 2023, Nikkei Asia reported, citing a press briefing by the company's Chairman Young Liu in Taipei.

Wisconsin may be ideal for manufacturing EVs, given its proximity to the auto supply chain in the US, Liu said. 

The plan coincides with the announcement of the electric car brand Fisker made on February 24, that is, the company will work with Foxconn to produce more than 250,000 vehicles per year starting from the end of 2023.

Fisker Chief Executive Henrik Fisker told Reuters that Foxconn is more than just a contract manufacturer under this deal and is developing the vehicle with the startup. 

He expects the deal to be finalized in the second quarter and to last about seven years. Terms of the deal were not disclosed.

Sources have said Apple is targeting 2024 to produce a passenger vehicle.

Foxconn aims to provide components or services to 10% of the world’s EVs by 2025 to 2027, Chairman Liu Young-way said in October.