Foxconn reports EV talks with state, contract compliance
Foxconn, along with California electronic car manufacturer Fisker, is in discussions with the state of Wisconsin about building electric vehicles here, and Foxconn also reports it is hitting requirements for tax incentives in its smaller contract, according to separate reports from the Wisconsin State Journal. The talks center around the possibility of building electronic vehicles in Mount Pleasant, at the troubled Foxconn plant in Wisconsin. Foxconn Chairman Young Liu said that the company’s Mount Pleasant property was being considered as the hub of North American electric car manufacturing. Separately, Foxconn Technology Group has reported hiring enough employees and spending enough on the company’s southeastern Wisconsin facility that would secure the company more than $29 million in state tax credits under the company’s new, smaller contract. The Wisconsin Economic Development Corp. will still need to verify how many of the jobs claimed by Foxconn meet eligibility requirements laid out in the updated contract.
Related story: Renegotiated Foxconn agreement to save $2.77 billion