Munich, Germany, and Taipei, Taiwan – 9 May 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), the global leader in automotive semiconductors, and Hon Hai Technology Group (“Foxconn”) (TWSE:2317), the world’s largest electronics manufacturing services provider, aim to establish a long-term partnership in the field of electric vehicles (EV) to jointly develop advanced electromobility with efficient and intelligent features. The Memorandum of Understanding (MoU) focuses on silicon carbide (SiC) development, leveraging Infineon’s automotive SiC innovations and Foxconn’s know-how in automotive systems. “The automotive industry is evolving. With the rapid growth of the EV market and the associated need for more range and performance, the development of electromobility must continue to advance and innovate,” said Peter Schiefer, President of the Infineon Automotive Division. “Infineon’s commitment and passion for innovation and zero-defect quality has made us the best partner for our customers. We look forward to writing a new chapter in electromobility together with Foxconn.” “We are pleased to be working with Infineon and are confident that this collaboration will result in optimized architecture, product performance, cost competitiveness and high system integration to provide customers with the most competitive automotive solutions,” said Jun Seki, Foxconn’s Chief Strategy Officer for EVs. According to the MoU, the two companies will collaborate on the implementation of SiC technology in automotive high-power applications like traction inverters, onboard chargers, and DC-DC converters. Both parties intend to jointly develop EV solutions with outstanding performance and efficiency based on Infineon’s automotive system understanding, technical support and SiC product offerings combined with Foxconn’s electronics design and manufacturing expertise and the capability of system-level integration. In addition, the two companies plan to establish a system application center in Taiwan to further expand the scope of their cooperation. This center will focus on optimizing vehicle applications, including smart cabin applications, advanced driver assistance systems and autonomous driving applications. It will also address electromobility applications such as battery management systems and traction inverters. The collaboration covers a wide range of Infineon’s automotive products, including sensors, microcontrollers, power semiconductors, high-performance memories for specific applications, human machine interface and security solutions. The system application center is expected to be established within 2023. About Infineon Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). Infineon is at the core of the transformation of the automotive industry towards sustainable mobility. Further information on Infineon’s mobility solutions is available at www.infineon.com/mobility Further information is available at www.infineon.com This press release is available online at www.infineon.com/press Follow us: Twitter - Facebook - LinkedIn   About Hon Hai Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 20 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD220 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 173 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com

Trumbull County, OH (April 4, 2023) – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced the start of production in Ohio of the Monarch MK-V, the first fully electric, driver-optional, smart tractors, in Ohio with the initial five tractors rolling off the production line for delivery to customers. In August 2022, Foxconn signed a contract manufacturing agreement (CMA) with Zimeno Inc. D/B/A Monarch Tractor (“Monarch Tractor”) to build Monarch Tractor’s next-generation agricultural equipment and battery packs at the Foxconn Ohio facility.  “We’re very pleased with the product quality ahead of full-rate production,” said Jerry Hsiao Chief Product Officer of Foxconn Technology Group. “This milestone is achieved thanks to our employees and the strength of our ongoing partnership with Monarch Tractor. Foxconn prides itself on our partnerships, and we believe the shared goal of promoting sustainability and safety in agriculture is one of the many reasons we have found the right partner in Monarch Tractor.” Launched to the public in 2020, Monarch Tractor has transformed the agriculture industry with next generation EV technology and unparalleled automation capabilities to meet farmers’ most pressing needs. The MK-V brings to life Monarch Tractor’s mission to elevate farming practices to enable clean, efficient, and economically viable solutions for today's farmers and the generations of farmers to come. The MK-V, a fully electric, driver-optional, smart tractor combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and increase their bottom lines. “As a leader in manufacturing some of the world’s most influential electric and autonomous technologies, Foxconn is the ideal partner for us as we look to rapidly expand production of the MK-V,” said Praveen Penmetsa, Co-Founder & CEO, Monarch Tractor. “Today’s farmers need solutions like the MK-V now that will increase farm profitability and sustainability and we’re the first company that is able to fulfill the global demand for these solutions. This is also a massive opportunity to produce large volumes of smart tractors in this class. We are excited to partner with Foxconn as we forever change the future of electrified farming.” Setting a new standard for farm safety – a top priority for Foxconn and Monarch Tractor – the MK-V also includes technology that will help prevent farm-related injuries whether the tractor is being driven or performing driverless tasks. Each MK-V is produced with collision prevention, human detection, and power take-off (PTO) protection. The tractor will stop moving if it detects a human within six feet of the tractor, and the PTO will automatically shut off if the system detects a person within one foot of the PTO. Foxconn start the commercial production of Monarch Tractor’s MK-V Series in the first quarter of this year as scheduled. After the official delivery, the next steps of the partnership include continued tuning of production line(s) and material sourcing in preparation for full-rate production.

Hon Hai Technology Group (Foxconn) names Mr Jun Seki as Chief Strategy Officer for electric vehicles Experienced hand from global bellwethers Nissan and Nidec 30 January 2023, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) has named automotive veteran Mr Jun Seki to be the Group’s Chief Strategy Officer for electric vehicles. A seasoned executive with two Japanese icons, Nissan Motor Co and the world’s largest electric motor maker Nidec Corp, Mr Seki’s rich management experience in the Japanese auto industry and global EV supply chains will assist the Group in integrating EV resources and development in the Americas, Asia, and the Middle East. Mr Seki will directly report to Hon Hai Chairman and CEO Young Liu; the appointment is effective from 1 February 2023. Mr Seki joined Nissan Motor Co in 1986, rising through the ranks to be appointed to the No 3 role as Vice Chief Operating Officer at the French Renault-controlled Japanese auto giant in 2019. During more than three decades at Nissan, Mr Seki has been well regarded for his manufacturing expertise and deep experience spanning the Asia-Pacific and North America. Mr Seki was instrumental in executing turnaround efforts at Nissan and successfully led its China operations, serving as President of Dongfeng Motor Co from 2014 to 2018. From 2020 to 2022, he served as President, COO and CEO of Nidec, broadening its bellwether electric motor-making business into the EV industry. Mr Seki graduated with a BS in Mechanical Engineering from Japan’s National Defense Academy in 1984.

DENPASAR, 14 November 2022 – As part of its commitment to support Indonesian Government's program in the development of the electric vehicle ecosystem and efforts to reduce Indonesia's emissions, PT Indika Energy Tbk (Indika Energy) and Hon Hai Technology Group (Foxconn), through each of their subsidiary, established a joint venture company, PT Foxconn Indika Motor (FIM), and agreed to donate 5 electric buses (eBus) to support the series of G20 and B20 event in Indonesia through the Ministry of Investment/Investment Coordinating Board (BKPM). FIM, which was established to expand net-zero emissions commitment especially in the electric vehicle sector, is a joint-venture company between PT Mitra Motor Group (MMG), a subsidiary of Indika Energy and Foxteq Singapore Pte. Ltd., a subsidiary of Foxconn. FIM aims to conduct manufacturing business for commercial electric vehicles and electric batteries, as well as providing management consultation service. Arsjad Rasjid, President Director of Indika Energy said, “We see a great potential in the development of electric vehicles in Indonesia for emissions reduction. Indika Energy and Foxconn are delighted to support Indonesia’s prestigious B20 and G20 as well to promote green mobility in Indonesia. This is the beginning of a comprehensive electric vehicle ecosystem in Indonesia for a more sustainable future.” "This event today celebrates Foxconn’s friendship with our partner Indika Energy and the Indonesian government. It shows our commitment to support the goals to become cleaner, greener and smarter for a Golden Indonesia 2045," said Foxconn Chairman and CEO Young Liu. "Not one of us, has time to waste on our journey, together, to reduce emissions and increase electrification." Minister of Investment/ Chairman of Indonesia Investment Coordinating Board (BKPM), Bahlil Lahadalia in his speech appreciated Foxconn and Indika Energy's commitment to invest in the battery, electric vehicle and supporting industries in Indonesia. Through this momentum, Bahlil hopes that Indonesia can become a world-class electric vehicle producer. This collaboration is also an example of collaboration between global players and local players to transfer technology and increase Indonesia's competitiveness. “In order for investment projects to be successful, investors must respect local entrepreneurs so that the economic impact and value they provide can be felt immediately. We are ready to fully support the realization of Foxconn's investment aligned with the government vision in the green transition," said Bahlil. The electric bus has dimensions of 2,500mm width, 3,279 mm height and 11,940mm length, uses battery lithium iron phosphate type with capacity 299.5 kwh and has total capacity of 45 people. During the G20 and B20 meetings, the eBus will transfer VIPs from deplaning on the tarmac to the arrival hall in the Ngurah Rai International Airport. These electric buses also serve as VIP shuttle buses. Operating hours are from 6:00 am to 8:00 pm daily. The customized MODEL T appearance, with the silhouette of the gunungan and the kawung batik motif, aligns with the G20 theme of recovery. ABOUT INDIKA ENERGY PT Indika Energy Tbk. (Indika Energy) is Indonesia’s leading diversified investment company with key focus on developing new sustainable businesses through its strategic investments in the areas of Energy - coal production (PT Kideco Jaya Agung, PT Multitambangjaya Utama), coal trading (Indika Capital Investment Pte. Ltd.), EPC oil & gas (PT Tripatra Multi Energi, PT Tripatra Engineers & Constructors, PT Tripatra Engineering); Logistics and Infrastructure - marine transportation, ports & logistics for bulk goods and natural resources (PT Sea Bridge Shipping, PT Cotrans Asia, PT Indika Logistic & Support Services, PT Kuala Pelabuhan Indonesia), fuel storage (PT Kariangau Gapura Terminal Energi), coal-fired power plant (PT Cirebon Electric Power and PT Prasarana Energi Cirebon); Minerals - gold production (Nusantara Resources Limited); Digital Ventures - IT enterprise (PT Xapiens Teknologi Indonesia); Green Businesses - nature based solution (PT Indika Multi Properti), renewable energy (PT Empat Mitra Indika Tenaga Surya), electric vehicle (PT Ilectra Motor Group, PT Mitra Motor Group). www.indikaenergy.co.id   ABOUT FOXCONN Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com.

〔November 12th, 2022, Thailand〕HORIZON PLUS today held the stone-laying and groundbreaking ceremony for the EV manufacturing facility at the Rojana Nhongyai Industrial Park, Chonburi Province with Professor Dr. Thosaporn Sirisumphand – chairman of PTT and ARUN PLUS Board of Directors, Mr. Narit Therdsteerasukdi – secretary general of the Thailand Board of Investment (BOI), Mr. Piriya Khempon – special advisor of the eastern economic corridor office, Dr. Suo-Hang Chuang –representative of the Taipei economic and cultural office, Mr. Auttapol Rerkpiboon – president and CEO of PTT, Dr. Buranin Rattanasombat – chief new business and infrastructure officer of PTT and chairman of HORIZON PLUS board of directors, Mr. Mark Chien – general manager of FOXCONN D Business Group, and Mr. Kay Chiu – HORIZON PLUS CEO as the guests. Professor Dr. Thosaporn revealed that “Today’s stone-laying ceremony marks another important step of collaboration between FOXCONN and PTT on our journey towards electrification of the regional automotive industry. As the world moves toward low-carbon society, transition to the greener transportation alternatives such as EV will play significant role in shaping future energy sustainability. This aligns with PTT commitment to create national energy security for the country. This collaboration also open up investment opportunities beyond production to include both upstream and downstream for the Thai automotive supply chain to better serve EV end consumers. Mr. Auttapol Rerkpiboon – president and CEO of PTT mentioned that “The collaboration not only focuses on the investment of the EV production, but also on the research and development in Thailand. This includes knowledge transfer and trainings for local workforce. HORIZON PLUS stone-laying and groundbreaking ceremony emphasizes PTT Group commitment under the new vision: powering life with future energy and beyond. EV manufacturing facility will open business opportunities for our group to further strengthen the local EV supply chain and drive electrification of the ASEAN auto-industry.” Dr. Buranin Rattanasombat – chief new business and infrastructure officer of PTT and chairman of HORIZON PLUS board of directors revealed that “HORIZON PLUS will operates based on the BOL philosophy which stands for Build-Operate-Localize to enhance the competitiveness of local automotive industry and supply chain in the long run. HORIZON PLUS will invest around 37,000 million THB (around 1 billion USD) for this EV facility with target to complete construction and ready for vehicle delivery by 2024. The initial capacity will be 50,000 EV per year and gradually ramp up to 150,000 EV per year by 2030 to support the growing demand of ASEAN EV market” Mr. Kay Chiu – HORIZON PLUS CEO shared “the Business model of HORIZON PLUS is Contract Design and Manufacturing Service (CDMS) which is open to any automakers whose strategy is to have their vehicle produced in Thailand both for domestic and export market. This open and sharing manufacturing concept aligns with FOXCONN's ambition in shaping the global EV industry based on MIH open platform.” Horizon Plus Company Limited (HORIZON PLUS) is the joint venture between Arun Plus Company Limited (ARUN PLUS) – the EV flagship of PTT Public Company Limited (PTT), the Thai national energy conglomerate – and Hon Hai Precision Industry Co., Ltd (FOXCONN) – the global leader in the manufacturing of electronic products. HORIZON PLUS will operate the comprehensive Electric Vehicle (EV) manufacturing facility including production of EV key components. The facility will be located on the majestic land plot of over 500,000 square meters in the eastern part of Thailand. This collaboration between FOXCONN and PTT aims to support the transition of the Thai automotive industry from traditional Internal Combustion Engine (ICE) to EV. Automotive is one of the crucial sectors of the Thai economy – contributing around 6% of the country GDP and employs over 750,000 workers. HORIZON PLUS ambitious move to EV manufacturing will not only create jobs and re-skill the workforce, but also sustain Thailand’s position as the Detroit of Asia. About PTT Public Company Limited Established in 1978, PTT Public Company Limited is a Thailand-based state-owned listed company engaged in the energy businesses. PTT is today, Thailand’s largest business group with a market cap of USD 36 billion. The Company supplies, transports and distributes natural gas vehicle (NGV), petroleum products and lubricating oil via service stations throughout Thailand and also exports to overseas markets. Through its subsidiaries and affiliated companies, the Company is involved in exploration, production, refinery, marketing and distribution of petroleum, petrochemical products and aromatics. In its drive into innovative, future-proof and sustainable industries, PTT is committed to spearheading the development of EV ecosystem in Thailand and moving towards low carbon society. Hon Hai Precision Industry Co., Ltd. (FOXCONN) Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com. Horizon Plus Company Limited (HORIZON PLUS) HORIZON PLUS is the joint venture between Hon Hai Technology Group(Foxconn) and PTT Group to invest and operate EV manufacturing facility in Thailand based on the Contract-Design Manufacturing Service (CDMS) model, aims to support the transition of the Thai automotive industry from traditional Internal Combustion Engine (ICE) to EV.

MIH unveils Project X: an A-Segment Electric Vehicle Platform with Modular Design Approach   Enabling mobility service providers, fleet operators, and mobility brands to customize vehicles based on their needs  TAIPEI－The Foxconn-initiated MIH Consortium announced Project X, an open and agnostic EV Platform for the innovators, by the innovators. MIH is lowering the entry barrier for companies entering the electric vehicle market to customize vehicles based on their needs. To make it easier for partners and potential customers to understand the open and agnostic nature of MIH and to realize technologies developed by the MIH Working Groups, MIH released the Project X timeline and exterior design for the first time and this A-segment three-seater demo car is expected to be presented by the end of 2023. MIH is enabling innovators to create the future of mobility for the next generation by building an open EV ecosystem with the BYOV (Build Your Own Vehicle) model. With modular design approach and standardized interfaces, innovative products can be introduced in less time and cost, fulfilling the needs of different audiences and enabling new business models for car sharing companies, mobility service providers, fleet operators, logistics service providers, and new EV brands. “MIH is writing the next chapter of the future of mobility. Project X is a demonstration of a new EV platform for the ecosystem. We’re not only making cars but also enabling the creation of more lifestyles,” said Jack Cheng, CEO of MIH Consortium. “Thinking beyond the vehicles of today and by adopting the latest technologies such as artificial intelligence, autonomous driving, and Web3, this vehicle platform can create shared mobility, digital health care in a post-pandemic society, entertainment, and other future applications unimaginable today. Project X’s goal is to develop the world’s most iconic open EV platform for the innovators, by the innovators.” MIH is inviting its MIH members to participate and co-create this platform in the early stage of vehicle development and is implementing technologies the MIH Working Groups develop, including powertrain, battery systems combined with fixed charging and battery swapping technology, zonal electrical and electronic architecture (EEA) and decentralized identifier (DID) for enhanced privacy. The A-segment vehicle platform is just the beginning, MIH will release six-seater and nine-seater vehicle platforms in the coming years to provide more vehicle segment choices to enable more innovation. MIH Consortium has more than 2,500 members and held its annual event MIH Demo Day on November 8th with over 2,000 attendees joining in-person and online, and 100 partners attended the event, including Hon Hai Technology Group, emerging luxury EV brand Karma Automotive, TomTom, National Instruments (NI), NXP, Trend Micro automotive security company VicOne, Salesforce, and more.

Ceer is a joint venture between PIF and Foxconn Ceer will license component technology from BMW Ceer will design, manufacture and sell a portfolio of electric vehicles that will lead in the areas of infotainment, connectivity and autonomous driving technologies Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs; the company is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034 The establishment of the company is in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors, including the automotive sector, in Saudi Arabia   RIYADH, 3 November 2022– His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister, Chairman of the Public Investment Fund (PIF) announced today the launch of Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The launch comes in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors locally that can help drive the diversification of the economy, to help achieve the objectives of Vision 2030. In addition, the company will contribute to Saudi Arabia’s efforts towards carbon emissions reduction and driving sustainability to address the impact of climate change. His Royal Highness Crown Prince Mohammed bin Salman said: “Saudi Arabia is not just building a new automotive brand, we are igniting a new industry and an ecosystem that attracts international and local investments, creates job opportunities for local talent, enables the private sector, and contributes to increasing Saudi Arabia’s GDP over the next decade, as part of PIF’s strategy to drive the economic growth in line with Vision 2030.” Ceer is the first Saudi automotive brand to produce electric vehicles in Saudi Arabia, and will design, manufacture and sell a range of vehicles for consumers in Saudi Arabia and the MENA region, including sedans and sports utility vehicles. A part of PIF’s strategy to diversify Saudi Arabia’s GDP growth by investing in promising growth industries, Ceer will attract over US$150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs. Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034. The company, which is a joint venture between PIF and Hon Hai Precision Industry Co. (“Foxconn”), will license component technology from BMW for use in the vehicle development process. Foxconn will develop the electrical architecture of the vehicles, resulting in a portfolio of products that will lead in the areas of infotainment, connectivity and autonomous driving technologies. Each vehicle will be designed and manufactured in Saudi Arabia, and tested to the highest global automotive quality control and safety standards. Ceer vehicles are scheduled to be available in 2025. Chairman of Hon Hai Technology Group, Young Liu, said: “Foxconn is excited about our partnership with PIF to create a new automotive company that will focus on designing and manufacturing electric vehicles in and for Saudi Arabia. We will leverage Foxconn’s technological expertise to support Ceer’s vision of creating a range of iconic electric vehicles that are built around the themes of connectivity, infotainment and autonomy. We want to make electric vehicles mainstream, and that is what Ceer is going to achieve in Saudi Arabia and the wider region.”

Youngstown State University and Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced intentions to establish a partnership to design and launch a national electric vehicle workforce training and innovation center. The center will focus on helping the emerging electric vehicle industry build and scale a sustainable workforce around advanced manufacturing, energy storage and other integrated technology solutions, such as artificial intelligence, 5G and cybersecurity. The parties intend for the Center to have national reach and to generate a strong economic impact on the region and beyond, YSU President Jim Tressel said. “Now is the time to break down geographic and institutional silos to provide workforce solutions that accelerate the ability for industry, academia, government and workforce organizations to come together and more quickly deploy resources and strategies to address industry workforce needs,” Tressel said. YSU and Foxconn will develop short and long-term strategies that includes the training and innovation facility in the area of Lordstown, where Foxconn owns a factory for electric vehicle manufacturing. YSU and Foxconn also intend to execute a formal memorandum of understanding and partnership within the next few months. “Leveraging Foxconn’s manufacturing strengths, Foxconn will redefine contract design and manufacturing services within the automotive sector,” said Jerry Hsiao, chief product officer, Foxconn. “As our center of gravity for electric vehicle production continues to grow within Ohio, Foxconn is proud to work with academic partners like Youngstown State University to meet the highly-skilled workforce demands of the future.” The U.S. Department of Energy earlier this year commissioned YSU to conduct a national and regional labor market assessment of the energy storage industry for electric vehicles. Jennifer Oddo, executive director of Workforce Education and Innovation at YSU, said findings strongly suggest the need for a national workforce center to accelerate the adoption of programs like registered apprenticeship, stackable industry credentials and new applied learning models that address ever-changing industry needs. “A national hub will help break down barriers and access to educational programming, create greater awareness of opportunities, and leverage standardized best practices that can be deployed across any geographic footprint,” she said.   About YOUNGSTOWN STATE UNIVERSITY Founded in 1908, YSU is an American research university located in Youngstown, Ohio. Currently offering more 155 undergraduate programs and over 40 graduate programs, the University matriculates nearly 12,000 students. YSU’s Division of Workforce Education and Innovation was launched in 2020 to help address the holistic needs of industry through their innovative WERC@YSU model where workforce, education, research and commercial projects come together to build applied learning experiences for students, employers and community members seeking alternative pathways to careers and education.   About FOXCONN TECHNOLOGY GROUP Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com.

Milestone MODEL V pickup result of Hon Hai vertical integration, MIH alliance effort Aerodynamically clean MODEL B hatchback achieves 0.26 drag coefficient MODEL C production vehicle on the road in 2023 Prototypes of 5 EVs in 24 months Contract design and manufacturing service (CDMS) defined for EV ecosystem 18 October 2022, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE: 2317), the world's largest technology manufacturer and service provider, announced two, new self-developed concept prototype electric vehicles at its third annual Hon Hai Tech Day (HHTD): the MODEL B crossover hatchback and the MODEL V all-terrain, electric pickup. At the same time, Hon Hai showcased the production vehicle MODEL C, to be delivered to its brand Customer in Taiwan next year, while showcasing key components of the EV supply chain, such as electric power steering (EPS) system, solid-state battery, silicon carbide power module and semiconductors. In addition, this year's HHTD promotes the business model of contract design and manufacturing service (CDMS) in the field of electric vehicles through the next decade. Focusing attention on Hon Hai’s "3+3=∞" strategy, C-suite charisma kicked off the event with Hon Hai Chairman and CEO Young Liu and Founder Terry Gou making their respective entrances on stage in the sleek, new electric vehicles. The keynote, delivered by Mr Liu, introduced the EVs, key components and the important research and development role of the Hon Hai Research Institute.  Hon Hai defining CDMS concept going forward Hon Hai Tech Day goes to the roots of the Group. The date marks the birthday of the Group’s Founder. “I am able to test out Hon Hai’s EV creations each year on this day. It has become the highlight of my birthday!” said Mr Gou, who, this year, rode in on the MODEL B and test drove the MODEL C. “The rapid development of Hon Hai in the field of electric vehicles is a continuation of the Group's growth and innovation. In the past, we assisted global brand customers to transform the consumer electronics industry chain, step by step, providing consumers with extraordinary and affordable technology products. In the future, Hon Hai will certainly redefine the EV industry and provide drivers with safe and comfortable user experience in transportation.” “Hon Hai's vision has always been to produce complete solutions to bellwether customers and provide for comprehensive intelligent lifestyles. We used to make PCs and mobile phones. From now and into the future, we will create EVs,” said Hon Hai Chairman and CEO Young Liu. "For more than 40 years, the greatest value we have brought to top-tier, global brand customers is that Hon Hai is your most trusted and reliable partner. In the EV industry, we are resolute about CDMS: This means contract design and manufacturing service. This commitment will not change. In the next 10 years, Hon Hai in the EV industry will redefine CDMS in the automotive field and continue to promote vertically integrated technology services. Our goal is to provide the range of high-tech services and capabilities required by automakers to propel them to become more competitive.”   MODEL B an urban crossover with beauty & handling performance The brand-new concept prototype MODEL B crossover is the mainstream for the younger generation. It is based on the MODEL C platform, but with changes to the platform size and a new body design. Its S-duct design, the streamlined roof, and the innovative air curtain on the D-pillar greatly reduces air turbulence. This allows the MODEL B to achieve an excellent drag coefficient of 0.26. As a personalized urban car, the compact 4.3-meter MODEL B has a cruising range of 450 kilometers and uses a 2.8-meter wheelbase to create a comfortable, roomy cockpit. MODEL C is Taiwan's 1st EV to go into production MODEL C, as the first EV built on the MIH open platform, has gone directly from last year's concept prototype to this year's production vehicle, fully demonstrating Hon Hai's automotive manufacturing capabilities. With a drag coefficient of 0.28, a 0-to-100 km/h acceleration of 3.8 seconds and a distance range of nearly 700 kilometers, this model is electric, economical and multi-functional, meeting car owners’ expectations. The production-version of the MODEL C is anticipated to hit the roads in Taiwan in the second half of 2023. MODEL V is Taiwan's 1st self-developed electric pickup With the milestone debut of the first made-in-Taiwan electric pickup MODEL V, Hon Hai completes its range of passenger cars and large commercial vehicles. The MODEL V is the result of the vertical integration of Hon Hai and MIH alliance partners. It is the first electric pickup designed and developed in Taiwan. With a payload of up to 1 ton and a towing capacity of 3 tons, its dynamic performance has the ability to traverse all terrains. The EV pickup adopts a double-cab, 5-seat configuration. Sensors surrounding the body are combined with electronic rearview mirrors and a display screen to integrate the instrument panel, which not only improves safety, but offers intelligent technology to users. The overall experience suits all types of drivers, whether their journey takes them through urban neighborhoods or the rugged outdoors. HHEV. OS architecture creates ideal EV software platform To lower the entry threshold for the electric vehicle industry, Hon Hai simplified the complexity of software development and greatly shortened the development time through HHEV.OS. This ideal EV software platform has excellent scalability, conforms to vehicle regulations and safety, and ensures instant and reliable transmission. Through the HHEV.OS software platform, EV designers can focus on the most valuable development work and achieve the purpose of rapid product launch. At the same time, Hon Hai will also apply to MIH to make HHEV.OS the standard for the MIH software open platform. Key automotive components being showcased this year at HHTD are ever more powerful, small, precise and safety-assured. The self-developed “EPS Electric Power Steering System" is an upgrade to a 48V motor, compared with the traditional 12V motor, while shrinking in size by 20%. On top of adhering to the highest safety integrity ASIL-D standards, the component breakthroughs attest to Hon Hai's key technical capabilities in motors, automotive ECUs, ball screws, and other important mechanisms. On display are solid-state batteries that stand up to safety and withstand temperature change, and silicon carbide power modules with a variety of heat dissipation base plate structures to meet the various power performance requirements of EVs. These key components being exhibited demonstrate the integrity of the upstream and downstream EV supply chain. At the first annual HHTD in 2020, Hon Hai announced the MIH open platform, promoting standardization, modularization and platforms approach for technologies. Through sharing and division of labor, Hon Hai is changing the traditional automotive industry system and establishing an open, technical standard and supply chain. At the second HHTD in 2021, Hon Hai launched three electric vehicles, MODEL C, MODEL E, and MODEL T. With a diverse product line in EVs, Hon Hai is demonstrating nimble R&D and manufacturing of electric vehicles. At the third HHTD 2022, Hon Hai not only expands the breadth of its EV offerings, but also redefines CDMS to promote vertical integration services to bring to humankind a more intelligent lifestyle.   About Hon Hai Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com

Los Angeles, CA / Trumbull County, OH (October 5, 2022) – INDIEV, Inc. (“INDIEV”) and Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced the signing of a Memorandum of Understanding (MOU), paving the way for Foxconn Ohio to manufacture the first INDI One prototype vehicles. Regarding the partnership, INDIEV founder and CEO Shi Hai said, “The INDI One is a unique vehicle in that it demands the highest quality of automotive craftsmanship as well as consumer electronics manufacturing and engineering. Partnering with Foxconn, the world’s leader in consumer electronics, during this exciting time in their entry into electric vehicles means that INDI One drivers will lead the way into the future of personal transit.”   “Our MOU with INDIEV marks the beginning of many more discussions to come regarding the future of EV manufacturing in Ohio. Throughout this process, Foxconn is confident in its Ohio workforce to manufacture quality prototypes that will help INDIEV achieve future success,” said Foxconn Chief Product Officer Jerry Hsiao. Details of the potential collaboration, beyond the prototype build, will be disclosed at a later date as both sides remain in negotiation. Foxconn assumed manufacturing operations at its Ohio facility after completing an Asset Purchase Agreement (“APA”) with Lordstown Motors Corp. (Nasdaq: “RIDE”) in May 2022. At present, the electric pickup truck production line in the facility has entered mass production, and the tractor vehicle production line is expected to begin in the first quarter of 2023. This MOU is the newest electric vehicles manufacturing opportunity confirmed for Foxconn following the closing of the APA, with the binding provision to build the INDI One prototype vehicles at Foxconn Ohio. This MOU also serves as first steps towards delivering vehicles to customers for INDIEV, who began development of the INDI One in 2017, and revealed the vehicle publicly in October of 2021.