Foxconn and Fiat Chrysler will make electric cars for China

TAIWAN-US-INVESTMENT-IT-FOXCONN

Photo credit should read SAM YEH/AFP via Getty Images

iPhone manufacturer Foxconn is getting into the electric vehicle game, thanks to a planned joint venture with Italian-American automaker Fiat Chrysler (FCA). Foxconn announced on Thursday that the two companies will combine forces to make vehicles for the Chinese market, with FCA handling the manufacturing and the Taiwanese tech giant managing the electronics and software.

The two companies have not yet signed a contract, according to a filing on Taiwan’s stock exchange, but Nikkei reports that they’ve been in talks for months.

FCA, which oversees its eponymous brands as well as ones like Jeep and Dodge, has lagged behind its competitors in embracing electric vehicle technology. The company recently kicked off a merger with French…

Continue reading…

via The Verge – All Posts

Check out the Finding Your Identity Podcast!

Tags: , ,
Travel Back Up To The Top!