28 Sep '14, 5pm

From Making iPhones To Electric Cars: Foxconn To Offer $15K Plug-In Vehicle

By Stephen Edelstein 3,776 views Sep 26, 2014 Reddit This! Share on Facebook Share on Twitter courtesy Bentley Enlarge Photo Foxconn is well known for manufacturing Apple iPhones--and for controversy over its labor practices--but now the company is expanding to a new area. The electronics manufacturer announced in June that it would build an electric car, and that it would sell for less than $15,000. It's now following that declaration with action, specifically a 5 billion yuan (about $811 million) investment in a potential factory in China's Shanxi province, according to Computerworld (via ChargedEVs ). MORE: China Adds Even More Electric-Car Incentives--Mostly For Local Brands Foxconn is reportedly looking to expand its business beyond contract manufacturing for Apple and other companies like Microsoft, Sony, and Amazon.com. Apple iPhone 5 and Samsung Galaxy S3 Enlarge P...

Full article: http://www.greencarreports.com/news/1094632_from-making-i...

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