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Foxconn Interconnect Technology will begin building its first Middle East manufacturing facility in Saudi Arabia this December through its joint venture Smart Mobility, formed with Saleh Suleiman Alrajhi & Sons. The plant will produce EV chargers, with commercial production set for 2026. The venture supports Saudi Arabia's plan to have 30 percent of its cars electrified by 2030. FIT has expanded in EV connectivity by acquiring Germany';s Prettl SWH group in 2023 and Auto-Kabel Group in 2024. Its auto mobility division is projected to generate USD 700 million in revenue this year.
Foxconn Interconnect Technology (FIT), a unit of Taiwan's Foxconn, will begin building its first manufacturing facility in the Middle East this December. The plant, located in Saudi Arabia, will focus on producing electric vehicle (EV) chargers and is scheduled to start production in 2026. The announcement was made by FIT's chairman Sidney Lu during an event in Taipei. Advertisement
The new venture is part of Smart Mobility, a joint initiative launched by FIT earlier this year with Saudi partner Saleh Suleiman Alrajhi & Sons. Smart Mobility is aimed at developing localized EV charging solutions in line with Saudi Arabia's clean energy goals. The company's chief executive, Prince Fahad bin Nawaf Al Saud, explained that Saudi Arabia has set a target of ensuring 30 percent of cars in the country are electrified by 2030.
FIT has been expanding its presence in the EV space through international acquisitions. In 2023, it bought Germany's Prettl SWH group, which has since been renamed FIT Voltaira. A year later, it acquired Auto-Kabel Group, another German company specializing in wiring and connectivity systems for electric vehicles. These steps have given FIT a stronger technological base for its EV connectivity and charging businesses.
To support its operations in Saudi Arabia, FIT Voltaira has already secured certifications from the Saudi Standards, Metrology and Quality Organization (SASO) for several EV charger models. Among these are the Royal Series AC Charger, the Voltaira AC Anoles Series, and the SE DC Charger, which have either been deployed or tested in government and institutional locations across the country. These certifications indicate that FIT's products are already aligned with Saudi regulations and market requirements, which will support the upcoming factory's operations.
The company expects significant revenue growth from its mobility segment. FIT''s chairman stated that the auto mobility division is projected to generate USD 700 million this year, reflecting both global demand and contributions from recent acquisitions. The Saudi factory is expected to build on this momentum by supplying localized EV charging equipment once production begins in 2026.
Source Reuters
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