Automakers such as Stellantis, formed from the merger of Fiat Chrysler and PSA, and Nissan are open to working with tech giants such as Apple as long as it does not create any technology dependence.
If I was a Chrysler 300 worker I’d be running for the hills, the Infiniti QX60 is going to get redone, and electric cars. All that and more in The Morning Shift for February 11, 2021.
GEELY GROUP & FOXCONN joins venture to provide OEM and CUSTOMIZED CONSULTING SERVICES to Automakers
• New JV to help automotive industry transition to new innovative and efficient manufacturing processes and business models based on CASE technologies
• Each party to hold equal 50% stake in new joint venture. x
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.
The Hong Kong-invested EVA Hải Phòng Precision Co. Ltd’s factory at the VSIP Hải Phòng Industrial Park. - VNA/VNS
HANOI (Vietnam News/ANN): Vietnam’s effective control over the Covid-19 pandemic along with it signing a host of new free trade agreements has resulted in many global tech giants shifting their investment to the country.
Foxconn, Luxshare, Pegatron, and many leading manufacturers of components and products for giants such as Apple, Sony, and Microsoft have recently invested in Bắc Giang Province and Hải Phòng City in Vietnam s north.
Analysts believe these big names could create a new wave of investment in the country.
Acceptance of the bid is still subject to strict confidentiality with Khazanah and no further details of the bid can be publicly disclosed until the signing of the definitive agreement, DNeX said in a filing on Monday.