Geely says to make EVs for Faraday Future with Foxconn

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SHANGHAI/TAIPEI (Reuters) - China's Zhejiang Geely Holding Group said on Friday it and Foxconn are in talks to provide contract manufacturing services to electric vehicle maker Faraday Future.
Geely said in a statement that it had signed a framework agreement to offer technology and engineering support to Faraday Future, and had become a minority investor in Faraday Future's listing.
Foxconn declined to comment on the manufacturing partnership.
Reuters reported on Monday that Faraday Future plans to set up a new base in China and enlist Geely for contract manufacturing services, citing people familiar with the matter.
Faraday Future will go public through a merger with Property Solutions Acquisition Corp in a deal valuing the combined entity at $3.4 billion.
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