FIAT CHRYSLER IN TALKS WITH FOXCONN TO DEVELOP ELECTRIC CARS

Techlife News|January 25, 2020

FIAT CHRYSLER IN TALKS WITH FOXCONN TO DEVELOP ELECTRIC CARS
Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said.

Fiat Chrysler is in the process of merging with France’s PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both Fiat Chrysler and Peugeot have lagged in developing electric powertrains and also have been struggling to increase sales in China, the world’s biggest auto market.

It was unclear what impact Fiat Chrysler’s proposed joint venture with Foxconn, formally known as Hon Hai Precision Ind. Co., Ltd., would have on the wider merger, which is expected to be completed in the next year or so.

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January 25, 2020