Foxconn Interconnect Technology Ltd. (FIT, 6088-HK) this week held its inaugural FIT Tech Day 2025 in Taipei, unveiling its vision for the future of AI-powered mobility, while pitching its strategy to become a leading provider of smart mobility and automotive solutions.
The headline announcement was its plan to break ground on a new EV charger factory in Saudi Arabia later this year. This facility will be the first project for FIT’s Smart Mobility joint venture with Saudi Arabia’s state-backed Saleh Suleiman Alrajhi & Sons (Alrajhi), established in May.
At the heart of FIT’s approach is the One Mobility business initiative, which aims to consolidate the resources and expertise of its subsidiaries, Autokabel and Voltaira, to create a unified, AI-enabled ecosystem focused on electric and smart vehicle solutions.
“Data and power are the core foundation for AI-powered mobility,” said Sidney Lu, Chairman of FIT. “Our One Mobility initiative is the engine that will integrate these fundamentals, driving innovation from the connector level to a complete vehicle architecture.”
HH Prince Fahad bin Nawaf Al Saud, CEO of Smart Mobility, connected the initiative to broader economic goals. Echoing the phrase “Data is the New Oil,” Prince Fahad emphasized how advancements in AI and smart mobility are directly aligned with the technological and diversification objectives of Saudi Arabia’s Vision 2030.
FIT is a subsidiary of Hon Hai Precision Industry Co. (2317-TW), commonly known as Foxconn.
Foxconn Interconnect Technology Limited
No.66-1, Zhongshan St., Tucheng Dist.,
New Taipei City 236, Taiwan
+886-2-7705-1818
Foxconn Interconnect Technology (HKEX: 6088) was listed on the Hong Kong Stock Exchange in 2017 and is the largest consumer electronics connector manufacturer in Asia. While connectors remain its core business, the company has strategically expanded in recent years to 5G Alot, Mobility and Audio, as well as entering consumer brand business. For more information, please visit the company’s website at fit-foxconn.com
This release was published on openPR.
