The travel market is huge and undergoing profound changes. Many technology companies and the Internet want to take a share. Among them is Foxconn, which is famous for its OEM of Apple mobile phones.
According to the latest news, FCA is planning to establish a joint venture with Foxconn Group, a high-tech enterprise in Taiwan,Cooperate in R & D and production of electric vehicles, and will take the lead in the Chinese market.
As the world's largest mobile phone factory, no one had ever thought that it would enter the automotive industry one day. Many people raised questions about this, including CEO of Tesla musk.
He didn't expect consumer electronics manufacturers like Foxconn to be able to make cars.
Interestingly, as early as five years ago, musk told the German business newspaper that making cars is a very complex thing, and not a single enterprise can do it. He said:
It is reported that FCA and Foxconn will sign a formal contract this quarter. FCA will hold 50% of the new joint venture and Foxconn will hold no more than 40%.
What do you think of this?