This undated photo shows a technician working at a production line of Geely Auto Group in Guiyang, capital of Guizhou province. (PHOTO PROVIDED TO CHINA DAILY)

BEIJING / TAIPEI - Foxconn and automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers.

They will each hold 50 percent of a joint venture that will also provide consulting services on electric vehicle (EV) technologies to automakers, the companies said in a statement.

Foxconn and Zhejiang Geely Holding Group will each hold 50 percent of a joint venture that will also provide consulting services on electric vehicle technologies to automakers, the companies said in a statement

ALSO READ: Geely's expansion and transformation gather speed on enhanced tech efforts

Geely launched its first EV-focused platform in September and said would share the architecture with other automakers. It also said this week that it has partnered with Chinese search engine giant Baidu Inc to make EVs.

READ MORE: Baidu to create an intelligent EV firm with automaker Geely

Foxconn, whose official name is Hon Hai Precision Industry Co Ltd and is best known as a major supplier to Apple Inc, said in October it aimed to provide components or services to 10 percent of the world’s EVs by 2025-2027.

It has agreed to start building electric sport-utility vehicles in 2022 with Chinese startup Byton.