The rumors have been flying since the Foxconn Technology Group’s June announcement that it plans to build an EV with a price tag of less than $15,000. The Taiwanese company builds iPhones for Apple and the touchscreen for the Tesla Model S.

[Correction 1:00pm EDT 9/26/14: Despite widespread internet reports that Foxconn produces the Model S touchscreen, Tesla told us that’s not the case. “Foxconn is not the producer of the Tesla Model S touchscreen,” said Alexis Georgeson, communications representative for Tesla.]

Recently Foxconn revealed that it plans to invest at least 5 billion yuan ($811 million) to develop EV manufacturing in China’s Shanxi province, where it already has two factories.

No further details are on offer at the moment, but the company already assembles battery packs for the BAIC E150 EV, a Chinese EV with a 25.6 kWh pack and a 90-mile that starts at around $20,300.

Source: Computerworld, The Green Optimistic
Images: Top image courtesy of Fang HSIEH/Flickr, Bottom courtesy of thronx/Flickr