Foxconn ventures into Chinese electric vehicle market

Company building presence in Zhejiang, Jiangsu provinces for making EVs

Taiwan News
Date: 2021/01/13
By: Huang Tzu-ti, Taiwan News, Staff Writer

Foxconn announces joint venture with Zhejiang Geely Holding Group Co. (Foxconn photo)

TAIPEI (Taiwan News) — Taiwanese electronics manufacturer Foxconn is making inroads into China’s electric vehicle (EV) market with joint ventures and investment in relevant technologies.

On Wednesday (Jan. 13), Foxconn announced plans to establish a joint venture with Chinese automotive company Zhejiang Geely Holding Group Co. The company will be dedicated to the streamlined design and production of smart and electric automobiles, according to a press release.

Meanwhile, Hongfujin Precision Industry (Shenzhen) Co., a Foxconn affiliate, has founded the Futeng New Energy Automotive Technology Co. in Nanjing, which will be developing and manufacturing automobile components, wrote CNA.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.