Foxconn is investing at least $811 million into electric cars

Foxconn is well known for manufacturing Apple iPhones–and for controversy over its labor practices–but now the company is expanding to a new area. The electronics manufacturer announced in June that it would build an electric car, and that it would sell for less than $15,000. It’s now following that declaration with action, specifically a 5 billion yuan (about $811 million) investment in a potential factory in China’s Shanxi province, according to Computerworld.