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Geely and Foxconn may become contract makers of electric vehicles Faraday Future

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China’s Zhejiang Geely Holding Group said it and Foxconn are in talks to provide contract manufacturing services to electric vehicle manufacturer Faraday Future.

Geely said it has already signed a framework agreement to provide technology and engineering support to Faraday Future. In addition, Geely has become a minority investor in Faraday Future.

Foxconn and Geely team up to go into contract manufacturing

Earlier it became known that Faraday Future plans to gain a foothold in China and attract Geely to provide contract manufacturing services.

Faraday Future will go public through a merger with Property Solutions Acquisition Corp. The combined company is valued at $ 3.4 billion.

Foxconn declined to comment on a possible manufacturing partnership with Faraday Future.

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