Company building presence in Zhejiang, Jiangsu provinces for making EVs
By: Huang Tzu-ti, Taiwan News, Staff Writer
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]