The car sector is different from the technology industry, and Apple "will not manage to take it over overnight," VW's boss, Herbert Diess, told a German newspaper.
Geely Group & Foxconn join venture to provide OEM and customized consulting services to automakers
Another exciting news from Geely to Nigeria and the Automobile world at large- This January, 2021, Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customized consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms, electric vehicle industry value chain, etc. to global automotive enterprises. Geely Group & Foxconn join venture to provide OEM and customized consulting services to automakers
While each party holds 50% stake in new the joint venture, the board of directors will consist of five members with Foxconn appointing three including the Chairman and Geely Holding appointing two.
Apple Inc.’s work on a car has brought to the fore several potential manufacturing partners capable of building an electric self-driving vehicle for the technology giant.
The secret project has gained momentum in recent months, adding multiple former Tesla Inc. executives, gaining the supervision of
Publishing date: Feb 10, 2021 • February 10, 2021 • 4 minute read •
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(Bloomberg) Apple Inc.’s work on a car has brought to the fore several potential manufacturing partners capable of building an electric self-driving vehicle for the technology giant.
The secret project has gained momentum in recent months, adding multiple former Tesla Inc. executives, gaining the supervision of Apple’s top artificial intelligence executive and ramping up road tests. The initiative, known as Project Titan inside Apple, is attracting intense interest because of its potential to upend the automotive industry and supply chains, much like the iPhone did to the smartphone market.
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