Hon Hai Precision Industry Co., which is known as being the assembler of Apple Inc.'s iPhones and iPads, announced last month that is planning to introduce electric cars, which will be priced under $15,000.

The Taiwanese company however didn't release any details on the vehicle,  nor did it say how it will lower the price so significantly compared to current models.

Terry Gou (郭台銘), chairman of the world's largest contract electronics maker, Hon Hai, stated:

“The electric cars made by us will be very affordable,”

“The development of new-energy vehicles is just beginning. When integrated with cloud computing, the Internet, smart traffic and smart cities in the future, people will be able to drive more easily and reduce car accidents more efficiently.”

Maybe this will be just a tiny electric vehicle.

What we know is just that the plans are bold:

“This kind of technology is due in the next 10 to 20 years, and our company will make huge investments in it.”

Source: The China Post

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