Taiwan-based electronics giant Hon Hai Precision Industry Company, better known as Foxconn, this week announced it has signed a strategic agreement with China's Zhejiang Geely Holding Group to produce electric vehicles, components and advanced systems for third-party companies. related to CASE, Components, Electric drive, Emerging markets, M&A and JV deals, Vehicle manufacturers, Geely Holding Group,
Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment Pearl Liu and Daniel Ren pearl.liu@scmp.com ren.wei@scmp.com A Geely car is displayed at the Beijing International Automotive Exhibition on September 26 last year. The carmaker’s deals with Foxconn and Baidu suggest that it wants to stay ahead of the competition, an analyst says. Photo: Reuters
The world s largest contract manufacturer of consumer electronics is teaming up with China s leading carmaker to assemble made-to-order electric cars, using their production prowess and supply chain expertise to help more marques enter the highly competitive market for new-energy vehicles.
The electric, autonomous vehicles of the future might be manufactured by Apple’s main supplier Foxconn and Chinese automaker Zhejiang Geely Holding Group. The two companies have agreed to form a joint venture focused on contract manufacturing for automakers, with a specific focus on electrification, connectivity and autonomous driving technology as well as vehicles designed for […]
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