Sources familiar with the matter said that Apple supplier Foxconn will assist China's Geely Automobile Holdings Ltd and OEM chips to alleviate chip shortage.

In this information, sources related to Geely said that they were not aware of this.

Citi said in a recent report, on the shortage of chips for automobiles, Geely can be expected to recover faster than its counterparts with the help of partners Foxconn and other suppliers.