Geely and Foxconn form a JV for the production of EVs
18 January 2021, 02:48:29

The new joint venture will revolutionize the automotive industry model by introducing the Information and Communication Technology (ICT) division of labour to help automakers accelerate their transition to new innovative and efficient manufacturing processes and business models based on CASE (Connected, Autonomous, Shared, and Electrified) technologies. Each party to hold equal 50% stake in new joint venture. The board of directors will consist of five members with Foxconn appointing three including the Chairman and Geely Holding appointing two.
Young-way Liu, Chairman of Foxconn Technology Group said: "This alliance between Geely Holding and Foxconn represents a milestone in cooperation between the automotive industry and ICT industry. With Foxconn's globally leading R&D technologies, intelligent manufacturing, and hardware-software integration capabilities, the two parties form a highly complementary partnership which allows us to better serve and meet the diverse needs of different customers, and offer the most advanced, fastest, cost-effective full value-chain vehicle production service platform. The partnership with Geely Holding does not just align with our company’s vision of "3+3=∞" which symbolizes the infinite possibilities created by Foxconn's industrial advancement and emerging technologies, it will also result in tremendous change in the development of the automotive industry. I look forward to the great potential that this partnership will bring about."
Daniel Donghui Li, CEO of Zhejiang Geely Holding Group said: "This cooperation between Foxconn and Geely is of great significance to both parties. The current global automotive industry is undergoing profound changes. We must actively embrace change, build alliances, and synergize global resources to create greater value for our end users. Foxconn's professional capabilities, rich experience, and global layout in the ICT industry offer important insight for the transformation and evolution of the automotive industry. Geely Holding Group will give full play to its advantages in the automotive fields of design, engineering, R&D, intelligent manufacturing, supply chain management, and quality control while joining forces with Foxconn to develop together and explore new pathways for transforming, improving, and achieving high-quality development of the manufacturing industry."


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Width: 75.6 in / 1920 mm
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Curb weight: 4190.99 lb / 1901 kg
Electric motor: 220 kW @ 5000 rpm, 410 Nm, Location: Rear
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Doors: 4, Seats: 5 / 7
Length: 188.6 in / 4790 mm
Width: 75.6 in / 1920 mm
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Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
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Curb weight: 5302.12 lb / 2405 kg
Location: Rear
Location: Front
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2024 Porsche Macan Turbo
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Length: 188.3 in / 4784 mm
Width: 76.3 in / 1938 mm
Height: 63.8 in / 1621 mm
Curb weight: 5302.12 lb / 2405 kg
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