February 22, 2024

Didcot Gateway

Building Cars, People First

Luxshare and Chery to form JV enabler for EVs – reports

Chinese electronic parts supplier Luxshare Precision Industry, is reportedly operating with Chery Group to variety a joint undertaking to build and manufacture electric autos for other businesses.

Among the its things to do, Shenzen mentioned Luxshare at the moment helps make AirPods for Apple. Luxshare becomes the newest of Appleā€™s suppliers to examine the vehicle producing area right after Foxconn (Hon Hai).

Reviews say Luxshare is investing CNY500m to acquire a 30% stake in the new company, with the relaxation to be owned by Chery Vehicle electrical-auto unit Chery New Strength.