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Volvo owner Zhejiang Geely Holding Group inked a deal with Apple maker Foxconn on Wednesday to produce auto parts and vehicles for companies that prefer to outsource production. ....
These Companies Will Make Your Electric Car For You Magna and LG, Geely, and Foxconn are forming joint ventures to build cars and components for other companies. Byton Lots of deals are being inked both inside and outside the Consumer Electronics Show to build EVs. Geely and Foxconn just announced such a venture. Magna and Apple supplier Foxconn say they’ll get together to build EV components. Did somebody say Apple car? There was a move at this week’s virtual Consumer Electronic Show that could help usher such a project along more quickly, especially if Apple or any other company for that matter wants to farm out the assembly: Supplier Magna International announced a joint venture with LG Electronics to supply electric motors, inverters, and on-board chargers. Then, on the other side of the world, Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said they’re forming a 50-50 partnership to build vehicles and provide technical co ....
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, ....
Slideshow ( 3 images ) BEIJING/TAIPEI (Reuters) - Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV) technologies to automakers, the companies said in a statement. It marks the latest move by Foxconn, a major Apple Inc supplier, into autos after a tie-up with Chinese electric car startup Byton and comes amid reports that Apple is likely to launch a self-driving electric car by 2024. For Geely, the partnership will allow it to share its first EV-focused platform, launched in September, with other automakers, according to people familiar with Geely’s plan. ....