ZF and Foxconn form joint venture for light vehicle chassis systems

ZF Friedrichshafen AG and Foxconn have established a joint venture called ZF Foxconn Chassis Modules, focusing on chassis systems for light vehicles. Foxconn has acquired a 50% stake in ZF Chassis Modules GmbH, finalizing the partnership valued at approximately €1 billion. This collaboration combines ZF's engineering expertise with Foxconn's global supply chain management to bring innovative technologies to mass production. Operating in 25 locations worldwide with 3,800 employees, the joint venture generated around €4.3 billion in revenue in 2023, creating new opportunities for both companies.