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Business & Finance

Foxconn shares rise more than 5.6% after announcing auto partnership with Geely

  • They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV) technologies to automakers, the companies said on Wednesday.
14 Jan 2021

TAIPEI: Shares in Taiwan's Foxconn rose as much as 5.6% on Thursday morning after it announced a partnership with Chinese automaker Zhejiang Geely Holding Group to build cars for other automakers.

They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV) technologies to automakers, the companies said on Wednesday.

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