Hon Hai Precision Industries Co Ltd (HNHPF)

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Manufacturer for hire: China's Geely sets out to become a force in electric cars

https://finance.yahoo.com/news/manufacturer-hire-chinas-geely-sets-230135336.html

"The chairman's attitude towards contract manufacturing is clear: he is embracing it and actively pursuing it," a Geely executive told Reuters.

Outsourcing production of some models through original equipment manufacturing (OEM) deals is common in the auto industry, but Geely's plans represent the most aggressive attempt yet by an automaker to build up a contract manufacturing business.

Of the four deals announced, a venture with Taiwan's Foxconn to provide electric vehicle (EV) contract manufacturing, is the most important, said the sources, who were not authorised to speak to media and declined to be identified.