Foxconn sets up rental electric car joint venture in China

Foxconn Electronics has established a joint venture with Beijing Electric Vehicle (BEV), a wholly-owned subsidiary of Beijing Automotive Group (BAIC), to offer electric vehicles for rent on an hourly basis. The joint venture is capitalized at CNY100 million (US$16.2 million) and will begin pilot operations in Beijing and Hangzhou in September 2014.



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via Yuichun