Foxconn, Apple interest in EVs point to dramatically different future for automakers

For a new venture with little revenue, Foxconn’s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based automaker Geely to make electric vehicles. And in between came a headline related to Apple’s long-hyped and slow-developing EV initiative: a statement from South Korea’s Hyundai Motors about a joint venture expected to begin producing cars in 2024 that involved Apple, though the company later walked back the specific mention of Apple among its potential partners — Apple’s demands for secrecy from partners are well-known. .

Link: Foxconn, Apple interest in EVs point to dramatically different future for automakers
via http://www.cnbc.com

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