Fisker and Foxconn sign Memorandum of Understanding (MOU) in support of global electric vehicle project. Will pioneer a new market segment and deliver industry-first innovations. Vehicle to be jointly developed and sold under the Fisker brand, including through the Fisker Flexee Lease program. Manufactured by Foxconn and destined for multiple global markets. LOS ANGELES / […]
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Apple Inc. supplier Foxconn Technology Group signed a strategic cooperation deal with embattled Chinese electric-vehicle startup Byton Ltd. in a transaction that could mark a large bet by the iPhone assembler on the car-making business. The companies, aided by the Nanjing Economic and Technological Development Zone, aim to start mass production of the Byton M-Byte […]
Broadly speaking, contract-manufacturing for electronics is a low-value business: Foxconn’s net profit margin has been shrinking for years, to nearly 2%. HONG KONG : Foxconn is hitching a bumpy ride with electric vehicles. The $39 billion iPhone-assembler, formally known as Hon Hai Precision Industry , wants to diversify by supplying parts for 10% of the […]
MILAN: Italian-American automaker Fiat Chrysler (FCHA.MI) and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said. Fiat Chrysler (FCA) confirmed on Friday it was in talks with Hon Hai (2317.TW) on the potential creation of a 50-50 joint venture […]
Following the Indian Prime Minister’s 100GW solar and 60GW wind target by 2022, the venture will invest in and develop renewable energy plants across India, SoftBank had said. SoftBank, which had announced forming a joint venture (JV) for renewable energy with Airtel’s parent Bharti Enterprises and Taiwan-based iPhone manufacturer Foxconn in 2015 — SBG Cleantech, […]
The ambassador’s missive to Jaganmohan Reddy comes on the heels of similar letters from power minister RK Singh. BENGALURU: Japan has cautioned the Andhra Pradesh chief minister that the state’s efforts to cut renewable energy tariffs by reviewing signed-and-sealed contracts has unnerved foreign investors and damaged the business environment. India’s renewable energy sector has seen […]
When you have the clout of Apple, it’s hard for suppliers to say no if your best customer demands a switch to renewable energy sources. Did the iPhone just get greener? Apple, just like all of the other big tech giants, is on a quest to “go green” and achieve 100 percent renewable energy as […]