Foxconn Will Manufacture Mitsubishi Electric Vehicles
Taiwan’s Foxconn is close to a deal with Mitsubishi Motors to produce electric vehicles, which is a significant move for the iPhone supplier’s efforts to break into the automotive industry. People familiar with the matter said the world’s largest contract electronics manufacturer is set to announce a deal in the coming weeks to produce electric vehicles for Japanese automaker Mitsubishi, allowing the latter to expand its range of lower-priced models. Bringing in a contract electronics manu...