Apple supplier Foxconn and China’s Geely start EV venture to make cars for others, as sector chases its iPhone moment
Pearl Liu and Daniel Ren pearl.liu@scmp.com ren.wei@scmp.com
A Geely car is displayed at the Beijing International Automotive Exhibition on September 26 last year. The carmaker’s deals with Foxconn and Baidu suggest that it wants to stay ahead of the competition, an analyst says. Photo: Reuters
The world's largest contract manufacturer of consumer electronics is teaming up with China's leading carmaker to assemble made-to-order electric cars, using their production prowess and supply chain expertise to help more marques enter the highly competitive market for new-energy vehicles.