The Chinese electronics giant is in talks with Fiat Chrysler to develop and build electric cars in China.
According to the parties, the plan would be for Foxconn to develop the electronic systems and manage the supply chain while Fiat Chrysler oversees vehicle manufacturing, Automotive News reported.
Fiat Chrysler currently builds several vehicles in China for regional sales, including the plug-in hybrid Jeep Grand Commander, through a joint venture with Chinese automaker GAC. Meanwhile, PSA Group, with which Fiat Chrysler is currently planning to merge, also manufactures Citroen and Peugeot models in the country.
Fiat Chrysler and Foxconn said they hope to work out a deal within six months and will initially focus on sales in China. There currently aren’t any plans to export vehicles to the United States, where Fiat Chrysler’s only all-electric model is the Mexican-made Fiat 500E, which is scheduled to be discontinued this year.
The Associated Press contributed to this report