Foxconn, a Chinese manufacturer and the world's largest supplier of electrical components, recently spoke with Fiat Chrysler and both companies have partnered to build electric cars. From now on, Foxconn is expected to work on parts for Fiat vehicles that will be assembled in China.
Company enlisted the help of Nvidia, Continental, Bosch and Qualcomm to create the vehicle
The agreement between the two brands was registered in China, and each company owns 50% of the future vehicles venture. The goal of the partnership is to produce electric cars in Foxconn's native country and to start a research on Internet of Vehicles (IOV). The technology would look like the Internet of Things (IoT) we already know, but focused on car connectivity.
Initially, Fiat Chrysler and Foxconn are expected to mass produce electric vehicles in China and expand products globally after launching them in the Asian country. Fiat also expects the partnership to introduce the brand further into the Chinese market as it is now the largest electric vehicle market in the world.
The partnership also aims to develop electric vehicles from scratch. In other words, designs, technologies and applications different from those that already exist. We still don't know when companies will start production, but we hope that later announcements will indicate the arrival of new Fiat vehicles on the market.
Foxconn is the same supplier of electronic components as the PlayStation 4, for example. In addition, the company is a highlight in manufacturing parts for the smartphone market, even the Apple iPhone uses its products.
Source: Gizmo China
(tagsToTranslate) fiat electric car (t) fiat (t) car fiat (t) electric car (t) foxconn