Foxconn faces challenges in domestic market

As the world's largest electronics OEM, Foxconn once served top brands such as Apple, Huawei, and Xiaomi. However, its market share in China has dropped sharply in recent years. The rise of emerging OEMs such as BYD and the transfer of major customer orders to these emerging competitors have put Foxconn in a difficult situation. Foxconn founder Terry Gou expressed dissatisfaction with this, believing that this way of competition is not fair.