Exclusive: Foxconn in talks with Vietnam's Vinfast on electric car partnership - sources

Taiwan's Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with the matter told Reuters.

Foxconn has proposed acquiring VinFast's EV production lines, the sources said, speaking on condition of anonymity as they were not authorised to speak to the media.But VinFast, a unit of Vietnam's largest conglomerate Vingroup JSC, prefers a partnership as it is keen to brand itself as an eco-friendly automaker and wants to retain its EV business, one of the sources said.

The world's largest contract manufacturer and Apple Inc supplier has outlined plans to become a major provider of parts and services in the global EV market and any agreement with VinFast would follow deals with Fiat Chrysler and EV startups. Seeking to provide components or services to 10per cent of the world's electric vehicles as early as 2025, Foxconn has moved quickly to clinch a number of deals. One of its biggest is an agreement with Zhejiang Geely Holding Group to provide contract manufacturing for other automakers.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foxconn in talks with Vietnam's Vinfast on electric car partnership: SourcesTaiwan's Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with the ... Cool, Go India!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Foxconn and Vietnam's VinFast explore partnership, talks focus on batteries, EV partsTaiwan's Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Foxconn iPhone India output drops 50per cent amid COVID surge - sourcesProduction of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50per cent because workers infected with COVID-19 have ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Tesla in talks with China's EVE for low-cost battery supply deal - sourcesTesla Inc is in talks with Chinese battery maker EVE Energy Co to add the firm to its Shanghai factory supply chain, four people familiar with the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Vietnam shuts industrial parks housing Foxconn plants after COVID-19 outbreakHANOI: Vietnam's northern province of Bac Giang ordered on Tuesday (May 18) four industrial parks, including three that house production ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »