Electric truck maker Lordstown Motors has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). As previously d…
Tag: foxconn
Foxconn Unveils Three Self-Developed Electric Vehicle Models
Taiwan’s Hon Hai Technology Group (Foxconn) unveiled three autonomously developed electric vehicles: the Model C recreational vehicle, the Model E sedan and the Model T electric bus. The announcement was made during the livestreamed Hon Hai Tech Day 20…
Lordstown Motors to sell Ohio plant to Foxconn for $230m
Ohio-based electric vehicle startup Lordstown Motors agreed on Thursday to partner Hon Hai Technology Group (Foxconn) to work jointly on Lordstown Motors’ electric vehicle programs in Lordstown Motors’ former General Motors factory in Ohio. The parties…
Foxconn & PTT to make and supply EVs in Thailand
The contract manufacturer Foxconn and Thai energy company PTT have created a joint venture for the production of electric cars in Thailand. Investments of one to two billion US dollars (about 850 million to 1.7 billion euros) are to flow into the large-scale project. Foxconn has said that the Eastern Economic Corridor (EEC), a special […]
Foxconn suspends plans with Byton
Taiwanese contract manufacturer Foxconn has suspended its plans to cooperate with the struggling Chinese electric car start-up Byton. Insiders say this is due to Byton’s deteriorating financial situation. In January this year, both companies had announced that Foxconn would support Byton in bringing the M-Byte into series production by the first quarter of 2022. Byton […]
Foxconn to build factories in the USA and Thailand
Contract manufacturer Foxconn plans to build factories for electric cars in the USA and Thailand in 2022 – production is scheduled to start in 2023. Later, plants could also follow in Europe. The company made the announcement in a conference call for investors. According to Foxconn CEO Liu Young-way, Hon Hai, as the company is […]
Nidec aims for EV joint venture with Foxconn
Foxconn and Nidec have launched talks to set up a joint venture in Taiwan next year to accelerate electric vehicle motor production as the two Apple suppliers push further into the market. Nidec wants Foxconn to help make automotive its largest business driver – only there’s some way to go. Marketshare, nothing less. Nidec had […]
Foxconn teams up with Thailand’s PTT to make electric vehicles
Taiwan’s Hon Hai Technology Group (Foxconn) on Monday announced a partnership with PTT Public Company Limited, the largest publicly listed conglomerate in Thailand, to make electric vehicles in the Southeast Asian country. The partnership aims to set u…
Stellantis and Foxconn create Mobile Drive joint venture
Stellantis and Foxconn announced the signing of a non-binding memorandum of understanding to form Mobile Drive, a 50/50 voting rights joint venture aimed at accelerating development timelines to bring innovative in-vehicle user experiences enabled by a…
Fisker and Foxconn plan sub-$30,000 EV for U.S. market
Fisker and Foxconn jointly announced that they have signed ‘framework agreements’ to develop a new electric vehicle with a starting price of less than $30,000, before incentives. Under the agreements, Fisker and Foxconn will jointly invest into Project…
