According to Reuters, Fiat Chrysler (FCA) and Foxconn plan to set up a joint venture to produce electric vehicles and engage in wireless networked vehicles.
16 10/6, Hon Hai Precision Group announced that its direct or indirect subsidiaries will sign an agreement with Fiat Chrysler to set up a joint venture company, with each party holding 50% of the shares. The joint venture company is engaged in the research and development and production of pure electric vehicles and the networking business of vehicles. Among them, Hon Hai Precision's direct shareholding in subsidiaries does not exceed 40%.
According to Reuters, Hon Hai Precision's subsidiary is Foxconn. According to official website's profile? Foxconn is mainly engaged in R&D and manufacturing of 3C products such as computers, communications and consumer electronics, and also involved in high-tech enterprises such as auto parts, cloud computing services, development and application of new energy and new materials. Foxconn also provides assembly services for companies such as Apple.
According to Foxconn's official profile, it is involved in the fields of auto parts and new energy, and has devoted itself to investing in the field of automobile travel in China in recent years. Foxconn participated in the financing of Didi Chuxing, Xpeng Automobile and Baiteng Automobile.
The cooperation between Foxconn and Fiat Chrysler is not the first time Foxconn has participated in the electric vehicle project. 20 15, Foxconn, Harmony Auto and Tencent Holdings jointly invested to create Harmony Futeng, with a total investment of 65,438 billion yuan.
Harmony Futeng hatched two electric vehicle brands-FMC and Aiche, which were the predecessors of Baiteng and Aichi respectively. However, in 20 16, Foxconn stopped investing in Harmony Futeng. At that time, some media quoted Foxconn executives as saying that Foxconn would no longer invest in automobile projects.
But this cooperation with Fiat Chrysler shows that Foxconn's ambition to enter the vehicle manufacturing industry is still there. Foxconn has accumulated a lot in intelligent technology, while Fiat Chrysler has rich experience in vehicle manufacturing.
The joint venture car companies of Foxconn and Fiat Chrysler are still in the planning period, and it will take at least two to three years to officially launch the products, otherwise they will miss the dividend period for the development of new energy vehicles. Nowadays, the competition in China's new energy vehicle market is becoming more and more fierce, and all major car companies are accelerating and increasing their investment in the market. Based on this, the joint venture products of Foxconn and Fiat Chrysler need to find another way to stand out.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.