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Apple Supplier Foxconn Joins Partnership to Build Cars for Third Parties

Wednesday January 13, 2021. 04:17 PM , from TheMacObserver
Apple Supplier Foxconn Joins Partnership to Build Cars for Third Parties
Apple supplier Foxconn and Chinese automaker Zhejiang Geely announced Wednesday that they are partnering provide contract manufacturing for third-parties, Reuters reported. It adds to a growing number of stories concerning Apple and electric vehicles.
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.
Tags: Apple Car
https://www.macobserver.com/link/apple-supplier-foxconn-joins-partnership-to-build-cars-for-third-pa...

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