Apple supplier Foxconn`s electric vehicle (EV) project with Byton has been put on hold due to the Chinese startup`s worsening financial situation, the Nikkei newspaper reported on Wednesday, citing unidentified sources with knowledge of the matter."The [Byton] project is not officially terminated yet, but it is very challenging to proceed at this moment," one of the sources told Nikkei Asia...
...Foxconn and EV manufacturer Fisker Inc said in May that they had finalized a vehicle-assembly deal. They did not identify a location, but Fisker`s CEO said Foxconn`s Wisconsin site was a possibility.
In a statement, Foxconn said it had begun discussions with Wisconsin.
"Foxconn has engaged the Wisconsin Economic Development Corporation to discuss the company`s plans for electric vehicle manufacturing. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions," it added.
A Wisconsin Economic Development Corp spokesman said the agency does not comment on any potential talks until a contract is executed...
In a statement, Foxconn said it had begun discussions with Wisconsin.
"Foxconn has engaged the Wisconsin Economic Development Corporation to discuss the company`s plans for electric vehicle manufacturing. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions," it added.
A Wisconsin Economic Development Corp spokesman said the agency does not comment on any potential talks until a contract is executed...
Ken Notes: Like computers in the 80`s, EV`s will be a tough market, remember Compaq and even apple made the Lisa and the Newton. Lets get Foxconn in the dirt asap as the market shakes out. The good news is that Foxconn has a lot of irons in the fire including including Fisker, China`s Byton and Zhejiang Geely Holding Group, and Stellantis NV`s Fiat Chrysler. One or two should make it to market and succeed.
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- - Volume: 9 - WEEK: 38 Date: 9/16/2021 6:55:59 AM -