Core Viewpoint - Foxconn Interconnect Technology (FIT) is set to begin construction of its first manufacturing base in the Middle East in December, focusing on the production of electric vehicle chargers [1] Company Summary - The joint venture in Saudi Arabia represents FIT's strategic expansion into the electric vehicle market, aligning with global trends towards sustainable energy solutions [1] - The manufacturing base will enhance FIT's capabilities in the region, potentially increasing its market share in the growing electric vehicle infrastructure sector [1] Industry Summary - The establishment of manufacturing facilities for electric vehicle chargers is indicative of the increasing demand for electric vehicles and related infrastructure [1] - This move is part of a broader trend in the automotive industry, where companies are investing in technologies that support electric mobility [1]