Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers

Foxconn, Geely team up to build electric, autonomous and shared vehicles for automakers

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2021/01/13/foxconn-geely-team-up-to-build-electric-autonomous-and-shared-vehicles-for-automakers-startups/

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 sharing. Each party will hold an equal 50% stake in new joint venture. The board of directors will consist of five members with Foxconn appointing three including the Chairman and Geely Holding appointing two, according to a statement issued by the two companies.