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Technology

Foxconn chief targets 2022 rollout of electric cars with Fiat

Retired founder Terry Gou eyes Vision Fund-style tech investment fund

The first electric cars built under a partnership between Foxconn and Fiat Chrysler Automobiles are expected to debut in two years.   © Reuters

TAIPEI -- Foxconn expects to begin shipping electric vehicles from a planned joint venture with Fiat Chrysler Automobiles in two years, Foxconn Chairman Young Liu told a news conference here Wednesday.

The partnership was announced last week by the Taiwanese contract electronics maker, formally Hon Hai Precision Industry. Liu said Foxconn will not handle assembly, citing a glut of facilities in China, but will provide parts and handle supply chain management.

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