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Geely says Foxconn will build Faraday future cars

SHANGHAI / TAIPEI — China’s Zhejiang Geely Holding Group states that China and Foxconn are in talks to provide outsourced manufacturing services. Electric car Maker Faraday Future.

In a statement, Geely said he had signed a framework agreement to provide Faraday Future with technical and engineering support and became a minority investor in Faraday Future’s listing.

Foxconn declined to comment on the manufacturing partnership.

Reuters reported on Monday that Faraday Future plans to set up a new location in China and ask Geely for outsourced manufacturing services.

The merger with Property Solutions Acquisition Corporation will open Faraday Future in a transaction valuing the merged entity at $ 3.4 billion.

Globally EV Business dominated by something like Tesla Growing at an explosive pace, Inc is rushing for EV makers to open up a ferocious initial public offering (IPO) market.



Geely says Foxconn will build Faraday future cars

Source link Geely says Foxconn will build Faraday future cars

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