Fiat Chrysler planning to make electric cars with iPhone manufacturer

Foxconn, the contract electronics manufacturer most closely associated with the Apple iPhone, has confirmed in a filing with authorities it is planning to start a car-making joint venture with Fiat Chrysler (FCA). In the documents discovered by Bloomberg, the two companies are looking to setup a 50/50 joint venture to manufacture electric vehicles. Initially, EVs made by this new pairing will be targeted at the Chinese market, but exports may be considered further down the track.