Automakers

Foxconn said to be in talks to help Saudi Arabia build BMW-based EVs

Foxconn Model E 6.jpg
The 750-hp Foxtron Model E concept was co-designed by Foxconn and Pininfarina as a flagship sedan.
B
By:
Bloomberg
December 02, 2021 11:42 AM

Saudi Arabia and Taiwan's Foxconn Technology Group are in talks to form a joint venture to build electric vehicles, a move that could help accelerate plans by the oil-dependent kingdom to diversify its economy, according to people familiar with the matter.

Staying current is easy with newsletters delivered straight to your inbox.