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The Latest Breaking News from Foxconn

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

StockNews.com

Chinese leaders face anger over 2nd child's quarantine death

Chinese authorities are facing more public anger after a second child’s death was blamed on overzealous anti-virus enforcement, adding to frustration at controls that are confining millions of people to their homes and sparked fights with health workers

The Independent UK

‘Once-in-a-lifetime opportunity’: How a mass lockdown at the world’s biggest iPhone factory is India’s big chance to beat out China as Apple’s favorite supplier

A recent lockdown and mass worker escape from Apple’s top iPhone supplier in China is accelerating the company’s shift to make more smartphones in India.

Fortune

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Amid Uncertainty Over FTX Collapse BlockFi Suspends Withdrawals, Juul Shelves Bankruptcy Preparations, Berkshire Hathaway Trims Holdings In Tesla Competitor: Top Stories Friday, Nov. 11

Reuters

Benzinga

Apple Supplier Foxconn Adjusts Production to Avoid Holiday Blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to prevent recent COVID-19 curbs at a massive iPhone factory in China from impacting holiday orders. Foxconn has grabbed headlines in recent weeks, with tight virus restrictions at its Zhengzhou plant,…

Asharq Al-Awsat

China's Guangzhou brings back mass testing to fight city's worst COVID outbreak

Millions of residents of China's southern manufacturing hub of Guangzhou were told on Wednesday to get tested for COVID-19, as infections topped two thousand for two days running in the city's worst outbreak so far.

Reuters

Why iPhone 14 Pro delivery times are almost 2 months right now

A lockdown at Foxconn's Zhengzhou assembly facility in China has iPhone 14 Pro and 14 Pro Max delivery times backed up by almost two months.

Inverse

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Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Fortune

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

InsideEVs

Warning over iPhone delays as China faces Covid lockdown

Customers who have bought an iPhone 14 Pro or an iPhone 14 Pro Max will likely have to wait a little longer for their order.

Daily Record

Warning over delay in iPhones after surge in Covid

“We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated”

Wales Online

Apple says iPhone supplies hurt by anti-virus curbs in China

Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor’s factory in central China

The Independent UK

Apple warns iPhone shipments will be delayed due to Covid restrictions at Foxconn plant

Tech company says customers will experience longer wait times as the plant in China is operating at reduced capacity

The Guardian - AU

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The Guardian - AU

Rumours of zero-Covid easing spread in China amid anger at restrictions

Despite relatively low case numbers, there are reportedly about 200 lockdowns across the country

Tribune News Service

Auto review: The Lordstown Endurance marches to the beat of a different hub motor

ANN ARBOR, Mich. — Electric trucks these days are supercar wannabes. Go zero-60 mph in the GMC Hummer EV in three seconds! The Rivian R1T has neck-snapping torque! The Ford Lightning is quicker to 60 mph than a Ford Raptor! And so on.

Asharq Al-Awsat

Crown Prince Launches Ceer, the 1st Saudi Electric Vehicle Brand

Crown Prince Mohammed bin Salman bin Abdulaziz launched on Thursday Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The Crown Prince is also the Saudi Prime Minister and Chairman of the Public Investment Fund (PIF). “Saudi Arabia is not just building a…

Evening Standard

China locks down area around world’s biggest iPhone factory amid Covid outbreak

Closure comes ahead of busy Christmas and Lunar New Year period for Apple

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The Guardian - UK

Supply fears as China lockdown hits world’s largest iPhone factory

Foxconn plant in Zhengzhou, which which many workers have fled, now under seven-day Covid lockdown

The Independent UK

China closes zone around iPhone factory after virus cases

Access to an industrial zone in the central Chinese city of Zhengzhou has been suspended after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks

Asharq Al-Awsat

China Imposes Covid Lockdown on Area Around iPhone Factory

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory belonging to Foxconn after workers fled the facility to avoid a virus outbreak and the resulting restrictions. All people except Covid-prevention volunteers and essential workers "must not leave their residences except to receive Covid tests and…

Reuters

China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at the base.

Daily Mirror

Workers flee from iPhone plant fearing Covid outbreak as factory is locked down

A worker has said that the world’s largest iPhone factory "has put a chill in my heart" after he was forced to escape the compound fearing that he may too be "taken away" if he contracted Covid-19 in Zhengzhou, China

The Guardian - UK

Chinese city accused of ‘performative lockdown lifting’

Residents claim Zhengzhou authorities are trying to avoid scrutiny of Covid lockdown’s severity

Asharq Al-Awsat

China iPhone Factory under Lockdown Boosts Bonuses for Workers Who Stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing…

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