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iPhone Assembler Foxconn in Talks With Saudi Arabia to Build Electric Vehicles

iPhone Assembler Foxconn in Talks With Saudi Arabia to Build Electric Vehicles

Bloomberg reported on Thursday that Saudi Arabia and iPhone assembler Foxconn​ are in talks to form a joint venture to make electric vehicles, which will help the oil-rich country diversify its economy, according to people familiar with the matter. Saudi Arabia’s Public Investment Fund (PIF), which manages roughly $450 billion of assets, will create a new entity named “Velocity” to be the majority stakeholder of the new joint venture.

Eric Walz2021-12-03 09:00 PT

Foxconn to Purchase the Ohio Lordstown Motors Plant, Could Help Build Endurance Electric Pickup

Foxconn to Purchase the Ohio Lordstown Motors Plant, Could Help Build Endurance Electric Pickup

At the same time Lordstown Motors announced the deal, the company stated that the launch of its Endurance pickup truck will be delayed until the third quarter of 2022.

Vineeth Joel Patel2021-11-14 07:00 PT

iPhone Assembler Foxconn Unveils 3 New Electric Vehicle Prototypes as it Prepares to Diversify its Business by Building EVs

iPhone Assembler Foxconn Unveils 3 New Electric Vehicle Prototypes as it Prepares to Diversify its Business by Building EVs

Apple Inc's contract manufacturer Foxconn, which has assembled hundreds of missions of iPhones and electronic devices over the years for the technology giant, has unveiled three electric vehicles as the company prepares to diversify its business. The three vehicles are designed for mass production. The reference designs allow EV companies to customize the vehicles to their own specifications.

Eric Walz2021-10-18 14:45 PT

iPhone Assembler Foxconn Confirms it Will Build an Electric Vehicle Factory in the U.S.

iPhone Assembler Foxconn Confirms it Will Build an Electric Vehicle Factory in the U.S.

As the world's largest contract electronics manufacturer, Taiwanese company Foxconn has assembled millions of smartphones and computers for some of the world’s top companies. But as modern electric vehicles essentially transform into “computers on wheels”, it's fitting that Foxconn will add electric vehicle production to its portfolio. The company chairman confirmed on Thursday that it will build an EV factory in the U.S.

Eric Walz2021-08-13 12:15 PT

iPhone Assembler Foxconn to Build a ‘Breakthrough’ Electric Vehicle for EV Startup Fisker Inc

iPhone Assembler Foxconn to Build a ‘Breakthrough’ Electric Vehicle for EV Startup Fisker Inc

Taiwan-based Foxconn Technology Group (Foxconn) the contract manufacturer for computer giant Apple Inc. plans to build a new electric vehicle for California EV startup Fisker Inc. Fisker announced today it has entered into a MOU with Foxconn for a project to develop what the company calls a “breakthrough electric vehicle.” The proposed collaboration is codenamed ‘Project PEAR’ (Personal Electric Automotive Revolution) with projected annual volumes of more than 250,000 units.

Eric Walz2021-02-24 09:00 PT

Foxconn Wants a Highway Lane for Autonomous Vehicles in Wisconsin

Foxconn Wants a Highway Lane for Autonomous Vehicles in Wisconsin

Foxconn, a Taiwanese company that handles contract manufacturing for various companies, brought up the idea of having a lane just for driverless vehicles near its new factory in Wisconsin.

Vineeth Joel Patel2017-11-27 10:30 PT