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