iPhone maker Foxconn announces plan to build Mitsubishi Motor EVs

Foxconn, the maker of Apple's iPhones, has announced plans to produce electric vehicles (EV) for Japanese car giant Mitsubishi Motors.Under the agreement in principle, a Foxconn joint venture will design and build cars in Taiwan for Mitsubishi.The companies say they expect the new model to be available by the end of next year, under what would be Foxconn's first major contract in the booming and highly…