12 December 2018

Hon Hai wins deal to supply car panels to Tesla, paper says

Taiwan’s Hon Hai Precision Industry Co. Ltd., the parent company of FIH Mobile Ltd. (02038.HK), will supply car panels to US electric car maker Tesla Motors Inc., Economic Daily News reported Thursday, citing unnamed institutional investors. Hon Hai will start supplying 17-inch panels through its subsidiary Innolux Corp., mainly for Tesla’s flagship Model S sports car, after chairman Terry Guo met with Tesla chief executive Elon Musk in the United States late last year. Hon Hai is also considering building a panel plant in the US for Tesla, the report said.

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