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Zibo ushered in a major car-making project, a joint venture between Foxconn and Geely

Zibo ushered in a major car-making project, a joint venture between Foxconn and Geely

Zibo ushered in another major manufacturing project.

According to public information, on December 27, Shandong Fujikang Intelligent Manufacturing Co., Ltd. (hereinafter referred to as "Fujikang"), which is jointly held by Geely Holdings subsidiary and Foxconn subsidiary, was officially established in Zibo, Shandong Province.

According to the registration information of the joint venture company, The registered capital of Fujikang is 100 million yuan, and the legal representative is Li Guangyao, which is 50% owned by Zhejiang Geely Production and Investment Holding Co., Ltd. and Futaihua Industry (Shenzhen) Co., Ltd.

Zibo ushered in a major car-making project, a joint venture between Foxconn and Geely

According to the relevant information of enterprise investigation, the business scope is general equipment manufacturing (excluding special equipment manufacturing), intelligent vehicle equipment manufacturing, intelligent basic manufacturing equipment manufacturing, intelligent control system integration, power electronic components manufacturing, motor manufacturing, mechanical parts and parts processing, motor manufacturing, integrated circuit chip and product manufacturing, auto parts research and development, auto parts and accessories manufacturing, auto parts and accessories retail, auto parts wholesale, engineering and technology research and experimental development, auto new car sales, auto used car sales Industrial design services, professional design services, technical services, technology development, technical consultation, technical exchanges, technology transfer, technology promotion.

It can be seen that the intelligent manufacturing company established by Geely and Foxconn in Zibo not only builds cars but also makes chips.

As the world's largest electronic technology intelligent manufacturing service provider, Foxconn has strong advantages in intelligent manufacturing, vertical integration of hardware and software ecology, and ICT.

Obviously, Foxconn has always wanted to extend its advantages in the ICT field to the automotive field.

In January 2021, Foxconn and Geely Holdings signed a strategic cooperation agreement, announcing that the two parties will establish a joint venture to provide foundry production and customization consulting services for global automotive and mobility companies, including but not limited to complete vehicles, parts, intelligent control systems, automotive ecosystems and the whole industry chain process of electric vehicles. According to the agreement, each party to the joint venture holds 50% of the shares.

Zibo ushered in a major car-making project, a joint venture between Foxconn and Geely

According to Zhejiang Daily, Li Shufu, chairman of Geely Holding Group, and Terry Gou, founder of Foxconn Technology Group, attended and witnessed the signing. This shows the importance that both sides attach to this cooperation.

This means that Faraday's future domestic foundry business may also be undertaken by Fujikang in Zibo.

Since 2020, Zibo has gradually laid out the field of automobile manufacturing. In January 2020, Zibo successfully "held hands" with Geely New Energy's multi-functional high-end commercial vehicle project.

In addition, on September 11 this year, the overseas export base project of Chery Jietu Automobile was included in the list of major projects in Zibo in 2021, which also indicates that zibo and Chery related projects have landed.

Comprehensive source: Qilu Evening News, Science and Technology Life Express

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