Foxconn ramps up EVs push via deal with Chinese start-up
Byton tie-up aimed at helping Apple supplier replicate its dominance of traditional tech manufacturing Foxconn is stepping up its push into electric vehicles with a tie-up with Chinese EV maker Byton, as the world’s largest electronics contract maker seeks to replicate its traditional tech dominance in a new market it hopes will bolster squeezed margins. […]
Foxconn in Talks With Chinese EV Startup Byton for Funding
(Bloomberg) — Apple Inc. supplier Foxconn Technology Group is in talks to invest in embattled Chinese electric-vehicle startup Byton Ltd. in a deal that could mark a large bet by the iPhone assembler on the car-making business, according to people familiar with the matter. Foxconn, whose main listed arm is Hon Hai Precision Industry Co., […]
