What do you get when you mix the maker of Jeep, Dodge, Maserati and Alfa Romeo with the maker of iPhones?
Foxconn confirmed on Friday that it is working with the Italian-American carmaker to "explore the possibility" of forming a joint venture to produce electric vehicles.
More relevant for Tesla, however, is that it puts another potential competitor on the circuit – one with lots of different brands, models and designs to choose to put batteries into.
But Tesla is taking it all in stride. The company last month cut the ribbon on its Shanghai Gigafactory that is now churning out both battery cells and Model 3s.
And there will be no shortage of demand for electric vehicles in China, thanks to the government’s push to convert one fifth of all cars that consumers buy to some form of electric or hybrid by 2025.
Will Fiat Chrysler and Foxconn make a dent? Read more at Fiat Chrysler and Foxconn are Looking to Jolt Tesla.