Market Chatter: Foxconn Technology Sees Autonomous Driving Technology Arriving Sooner Than Expected
Foxconn Technology Co (TPE:2354) expects advanced autonomous driving technology to be adopted sooner than previously expected, according to a Nikkei report on Wednesday quoting Jun Seki, the company's chief strategy officer for electric vehicles.Seki told the news agency that there has been a sharp rise in the reliability of autonomous driving technology, which indicates that "Level 4" autonomous driving, which allows a vehicle to operate without a driver under specific conditions, is coming sooner than expected.He estimated that autonomous driving will become more affordable and reliable by 2030-2035, leading to more car companies offering such services, providing consumers with a wider range of choices, Nikkei said.The electronic devices manufacturer aims to strengthen its EV business and has been manufacturing EVs for Taiwanese automaker Yulon Motor since 2023.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
