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iPhone Assembler Foxconn Sets Up Auto Arm as Apple Car Looms

  • Taiwanese company joins forces with Chinese carmaker Geely
  • Venture to offer production, advisory services to automakers
TAIWAN-US-INVESTMENT-IT-FOXCONN

Photographer: Sam Yeh/AFP/Getty Images

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Apple Inc.’s Taiwanese manufacturing partner Foxconn Technology Group is setting up a car venture, strengthening its automotive capabilities at a time when technology companies including its California ally are looking to expand in vehicles.

Foxconn is joining forces with Chinese carmaker Zhejiang Geely Holding Group Co. to provide production and consulting services to global automotive enterprises, according to a statement from the companies Wednesday.