Apple Supplier Foxconn, Geely Partner On Automotive Contract Manufacturing Services

By Benzinga4 days ago

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Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd.-ADR (OTC: HNHPF), popularly known as Foxconn, and Geely Automobile Holdings Ltd. (Pink: GELYF) announced Wednesday a cooperative agreement to set up a 50-50 joint venture to provide OEM production and comprehensive, customized consulting services to global automakers.

The product and service offerings the venture is contemplating include whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms and the EV industry value chain.

The board of the new venture will comprise five members, with Foxconn appointing three, including the chairman, and Geely ...

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