Terry Gou, Chairman of Foxconn Technology Group.
China Photos/Getty Images
Foxconn, the world’s largest contract assembler of consumer electronics, has begun discussions with Vingroup, the largest conglomerate in Vietnam, about working together in the fast-growing field of electric vehicles.
A spokesman for Hanoi-based Vingroup confirmed that the company had “received proposals” from Foxconn but said that “nothing is concrete yet.” Any partnership would focus on developing electric vehicle batteries and other parts, he adds. “No decision on working together to produce EVs has been made yet,” he says.
Reuters reported on Friday that Foxconn has proposed acquiring EV production lines owned by Vingroup’s automotive unit, VinFast. VinFast prefers a partnership that would help brand itself as an eco-friendly automaker and wants to retain its EV business, according to the Reuters report.
“Foxconn views electric vehicles as a…