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Electric cars in China

Geely taps Foxconn's playbook to build EVs for other carmakers

Chinese automaker and Taiwanese Apple supplier form joint venture

Geely will now work with Foxconn to expand electric-vehicle operations.   © Reuters

BEIJING -- Geely, China's largest private-sector automaker, has taken the first step toward becoming the Foxconn of electric vehicles.

Geely and Foxconn, the Taiwanese Apple assembler, are establishing a 50-50 joint venture that will manufacture whole electric vehicles for clients as well as parts. Just like Foxconn did with iPhones, Geely will pursue an economy of scale through contract manufacturing.

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