Foxconn will produce electric cars for auto brands under a contract model.
It will produce cars and buses for brands in China, North America, Europe and other markets.
The clients can modify the appearance and features according to their market.
The flagship Model E sedan, developed with Italian design house Pininfarina, will be launched in 2023.
The Model E will seat five and have a range of 750 kilometres on one charge.
Foxconn manufactures smartphones for Apple Inc and other global brands.
The firm has entered a market crowded with established automakers and dozens of start-ups.
