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Fiat Chrysler and Foxconn plan push into Chinese electric car market

Fiat Chrysler and Foxconn plan push into Chinese electric car market

Friday, January 17, 2020, 7:43 PM

Automaker Fiat Chrysler (FCHA.MI) plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility. FCA said it was in the process of signing a preliminary agreement with Hon Hai, aiming to reach final binding agreements in the next few months.
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