Foxconn Technology Group
the world’s biggest electronics contract manufacturer, has agreed to assemble cars for electric-vehicle startup Fisker Inc.,
the latest deal for the Apple
iPhone assembler in its eager expansion into the automotive sector over the past year.
Taipei-based Foxconn and Los Angeles-based Fisker have signed a memorandum of understanding to jointly produce more than 250,000 vehicles a year, the companies said in a statement Wednesday.
While the exact location has yet to be determined, Fisker Chief Executive Henrik Fisker said there is a very good chance initial production will be in the U.S., in part because Foxconn already has a factory in Wisconsin.
“They’ve got a factory there and quite a lot of land with quite a lot of possibility for expansion,” he said in an interview. “We haven’t made a final decision on that but that’s an obvious one.”
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