Future Mobility Corporation (FMC) is a Chinese automobile corporation founded with the support of Tencent, a major Chinese electronic products manufacturer, and Hon Hai Precision Industries. The company intends to produce electric vehicles and launch an autonomous vehicle control system on the market.
According to Chinese business magazine Caixin, FMC was created by former executives BMW and Tesla Motors executives. The company initially planned to produce electric vehicles under the Zhixing brand.
In September 2019, South Korea’s Myongshin, a parts supplier to Hyundai Motor and Tesla, agreed to build more than 50,000 Byton’s M-Byte electric SUV a year for FMC from 2021 at a closed plant in the southwestern city of Gunsan it bought from General Motors.
Hon Hai Precision Industries