Autos

Foxconn teams up with China’s Geely to build cars for other automakers

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The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019.

Sam Yeh | AFP | Getty Images

Foxconn and Chinese carmaker Geely have created a joint venture aimed at selling manufacturing and services to the global auto industry.

The deal, which was announced on Wednesday, marks Foxconn’s continued expansion into the auto sector and reflects Geely’s desire to partner with technology companies.

Foxconn and Geely will provide car production, consulting, intelligent driving systems and other services to global automotive enterprises, the two companies said.

Taiwanese firm Foxconn is best known as the company that assembles Apple’s iPhones. Last year, it launched a platform to…



Source cnbc.com

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