Not to be confused with the official Apple car.

We’re starting to see technology companies not normally associated with cars attempt to make their first foray into the auto industry. Sony surprised everyone when it unveiled the Vision-S concept car last year and we’re still waiting for Apple’s long-rumored autonomous car project to come to fruition.

Back in October, Foxconn, the Taiwanese company that makes the iPhone, revealed three surprise electric concepts: the Model E sedan designed in collaboration with Pininfarina, the Model C SUV that looks like a potential Model X rival, and the Model T bus. None of these EVs are in production yet, but the tech firm is reportedly in talks to set up a new joint venture that will build electric vehicles in Saudi Arabia.

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Citing “people familiar with the matter,” Automotive News reports that Saudi Arabia's Public Investment Fund, which manages around $450 billion of assets, is in talks with Foxconn Technology group to set up a new EV brand called Velocity, which will be the majority stakeholder of the joint venture.

Foxconn will be a minority stakeholder and provide software, electronics, and architecture for the new electric vehicles. According to the publication's sources, the EVs will use chassis supplied by BMW, with a deal expected to be completed by the end of the year.

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It's worth noting that no final decision has been made yet, however, so these plans could still change. If the deal goes ahead, this won't be the first time BMW has allowed a third-party company to use its technology.

Last year, Vietnam's VinFast unveiled the President SUV based on the last generation BMW X5 and powered by a General Motors 6.2-liter V8 generating 420 horsepower and 460 lb-ft of torque. By branching out into the automotive industry, it's hoped the joint venture will make Saudi Arabia's economy less reliant on oil sales.

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1978→1982 Alpina B7 Turbo Coupé

In Detail submitted by Richard Owen type Professionally Tuned Car production years 1978 – 1982 built at Buchloe, Germany engine Inline-6 valvetrain SOHC displacement 2986 cc / 182.2 in³ bore 89 mm / 3.5 in stroke 80 mm / 3.15 in compression 7.0:1 power 223.7 kw / 300.0 bhp ...

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2009 Alpina B6 GT3

ALPINA look back on a long and successful history in international motorsport. Well-known F1 and Touring Car drivers such as Niki Lauda, Jacky Ickx, Hans Stuck and Dieter Quester gripped an ALPINA steering wheel on their way to winning three European Touring Car Championships. ALPINA pilots also won the Nürburgring ...

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1989→1994 Alpina B10 Bi-Turbo

In Detail submitted by Richard Owen type Professionally Tuned Car production years 1989 – 1994 built at Buchloe, Germany price $ $ 109,500 engine Inline-6 aspiration Twin Turbo valvetrain SOHC displacement 3430 cc / 209.3 in³ bore 92 mm / 3.62 in stroke 86 mm / 3.39 in compression ...

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2002 Alpina Roadster V8

Located in the Upper Bavarian town of Buchloe, ALPINA was established in 1964 as an official and approved ennobler of BMW automobiles. Alpina’s tradition is to take production BMWs and make them even more appealing to connoisseurs of automotive finery. Alpina’s treatments include not merely cosmetic modifications but also a ...

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2006 Alpina B6 Cabriolet

Alpina present the B6 Cabrio, combining performance and luxury with a high degree of everyday usability: 500 horsepower, 700 Nm – absurd in an open-topped sports car? Far from it. The V8’s beguiling sound and opulent torque entice the driver to glide along in a relaxed fashion. Leather, wood and ...

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1995 Alpina B8 4.6

42 Body modifcations made room for the V8 in the engine bay. Production:221 BMW Cast special blocks specifically for Alpina to increase the the displacement of the 4.0 litre 540i V8 to 4800cc. In Detail engine V8 power 248.3 kw / 333.0 bhp torque 470 nm / 346.7 ft lbs ...

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2005 Alpina B5 Coupé

13th March 2005 – Alpina present the new B5 at the Geneva Salon, an automobile with 500 horsepower, maximum torque of 700 Newton metres and a top speed of 314km/h – the fastest production saloon in the world. Yet power isn’t the sole defining characteristic of this 3 series, more ...

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1997→2002 Alpina B10 V8

In Detail submitted by Richard Owen type Professionally Tuned Car production years 1997 – 2002 built at Buchloe, Germany engine V8 valvetrain 4 Valves / Cyl displacement 4619 cc / 281.9 in³ bore 93 mm / 3.66 in stroke 85 mm / 3.35 in compression 10.5:1 power 258.8 kw ...

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2010 Alpina B7 Bi-Turbo

1998→2002 Alpina B10 V8 Touring

1999 Alpina B12 6.0 E-Kat

1987 Alpina B6 S

2003 Ascari KZ1

2005 Ascari KZ1-R

2006 Ascari A10

1957→1959 BMW 507 Series II

1978 BMW 320 Turbo Group 5

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