Stellantis and Foxconn, the Taiwanese agency greatest identified for contract manufacturing the Apple iPhone, seem able to announce a partnership to provide electrical vehicles.

Reuters first reported the information Monday, and Stellantis later introduced a joint press convention with Foxconn, to be held Tuesday.

The partnership follows a deal announced last year between Foxconn and Fiat Chrysler Cars (FCA), earlier than the automaker finalized its merged with PSA Group to type Stellantis. That deal, which referred to as for a three way partnership to fabricate electrical vehicles for the Chinese language market, was placed on maintain as a result of merger, in response to Reuters.

Foxconn seems desirous to broaden from manufacturing smartphones to manufacturing electrical vehicles. The corporate unveiled its personal modular EV platform in October 2020. Dubbed MIH, it options in-house-developed {hardware} and software program, and is designed for each automobile and SUV physique types, Foxconn stated on the time.

Earlier this 12 months, Foxconn additionally entered right into a three way partnership with Fisker Inc. to construct a sub-$30,000 EV, with a goal launch date of 2023. The 2 corporations have stated this EV, codenamed Venture Pear, can be in-built the US. Nonetheless, Fisker’s first mannequin—the Ocean crossover—can be constructed at Magna’s manufacturing unit in Graz, Austria, utilizing a platform designed by that firm.

Foxconn has additionally invested in some Chinese language automakers. It invested $350 million in Xpeng in 2018, and invested in troubled EV startup Byton earlier this 12 months. Byton began pre-production of its M-Byte crossover in April 2020, however progress stalled as a consequence of money shortages. The 2 corporations stated in January that the brand new objective is to begin deliveries within the first quarter of 2022.