January 17 - 13:01
80D
Fiat Chrysler and Foxconn form JV for EVs
Fiat Chrysler is teaming up with iPhone maker Foxconn for a new electric car joint venture. The two companies will build EVs, with Fiat owning 50% of the JV and Foxconn no more than 40%. They will initially manufacture vehicles for the Chinese market. The JV will also focus on the "internet of vehicles". Foxconn has been keen to explore new markets as smartphone production slows down.
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