Foxconn's EV Project in the U.S. Stalls

[Global Developments] Foxconn has been forced to suspend deliveries of its Model C due to U.S. tariff policies.

Key Development: U.S. Market Setback, Shift Toward Poland and Japan

Steven Xu, a sales representative at Foxtron—a joint venture between Foxconn and automotive partners—acknowledged openly in Tokyo on July 16 that the Model C project, originally scheduled for delivery to U.S. customers by end of 2025, has been put on hold due to the current tariff situation. The customer, from the automotive industry, remains unnamed.

Industry Impact: Divergence Deepens in Global EV Markets

Demand in the U.S. has cooled due to phasing-out subsidies and trade barriers, while markets in Europe and Asia continue to show resilience. Foxconn’s strategic pivot toward Poland and Japan highlights the challenges multinational automakers face in adapting to geopolitical volatility.