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The Latest Breaking News from Foxconn

Foxconn To Build Monarch Electric Tractor At Ohio Plant From Q1 2023

The agreement with Monarch Tractor is Foxconn's first contract manufacturing deal after it finalized the plant acquisition from Lordstown Motors in May 2022.

InsideEVs

Foxconn seeks competitive incentive proposal from State govt.

Foxconn Chairman Young Liu says he wishes to meet Tamil Nadu Chief Minister M.K. Stalin on setting up a EV manufacturing plant

The Hindu

Benzinga Before The Bell: Elon Musk Sells $6.8B Tesla Shares, Nio Begins ES7 Test Drives, Coinbase Accused Of Misleading Investors And Other Top Financial Stories Wednesday, August 10

Wall Street Journal

Benzinga

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HC quashes case booked for a Facebook post related to Foxconn labour unrest

‘Criticism of government machinery will not attract offences under the Indian Penal Code’

The Hindu

Will Foxconn Pivot Away From China?

Aggressive local competition and rising geopolitical risk make the contract electronics manufacturing giant’s China dependency more precarious than ever.

The News Lens

Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Before joining Fisker, Alpay Uguz served as general manager of assembly for BMW X5, X6, X7 and Motorsport at BMW's SUV plant in Spartanburg, South Carolina.

InsideEVs

Tamil Nadu makes EV pitch to Foxconn

Government officials meet chairman Young Liu and offer help in expansion

The Hindu

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Key Apple Supplier Foxconn's Chief Meets India's PM Modi: EV Manufacturing Finds Mention

Hon Hai Precision Ltd. (OTC: HNHPF) Chairman Young Liu met the Indian Prime Minister Narendra Modi on Thursday as Apple Inc's (NASDAQ: AAPL) oldest and largest supplier continues

Benzinga

KTR showcases Telangana to Foxconn

Minister meets chairman Young Liu, invites firm to explore State for investment

The Hindu

Welcome Foxconn's plans for expanding electronics manufacturing capacity in India: PM Modi

NEW DELHI: Prime Minister Narendra Modi met Foxconn chairman Young Liu on Thursday and said he welcomes the company's plans for expanding its electronics manufacturing capacity in India.

The Times of India

Apple Supplier Foxconn Breaks Ground On First EV Battery Plant

One of Apple Inc's (NASDAQ: AAPL) oldest and largest suppliers, Foxconn, has forayed into the electric vehicle segment.

Benzinga

Thailand BOI approves US$6.2 billion in investments, including Foxconn-PTT’s EV venture, and improved battery, smart zones incentives

The Thailand Board of Investment (BOI) at a meeting on June 13, 2022, approved a combined 209.5 billion baht (US$6.2 billion) worth of investment applications in manufacturing and infrastructure projects, including 36.1 billion baht by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to…

Bangkok Post

BoI approves B36bn Foxconn-PTT EV battery JV

The Board of Investment (BoI) on Monday approved a joint venture worth 36.1 billion baht between Taiwan's Foxconn and PTT Plc to produce batteries for electric vehicles.

Bangkok Post

Inside Thailand’s EV Revolution

From luxury cars to tuk-tuks, an electric era dawns

Bangkok Post

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Benzinga

After Microsoft And Nvidia, This Major Apple Supplier Became Ransomware Target

Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports. The attack disrupted operations at one of Foxconn's Mexico-based production plants. The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports. Also Read: President…

Reason

"Judge Dismisses Bogus Defamation Lawsuit Against Foxconn Critic"

The Institute for Justice, which represented the critic, so reports.

Bangkok Post

Joining the EV revolution in Asean

Governments in Southeast Asia are floating very ambitious plans to capture a share of the electric vehicle market. And rightfully so.

InsideEVs

Foxconn Completes Ohio Plant Purchase, Endurance EV May Be Delayed

As part of the deal, Foxconn also assumes the responsibility for assembling the Endurance electric pickup and hires 400 manufacturing employees from Lordstown.

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Evening Standard

Boss of world’s biggest microchip maker SMIC says smartphone demand dropping ‘like a rock’

The world’s biggest microchip maker has said demand for mobile phones and computers has dropped “like a rock” as war in Ukraine and Covid lockdowns in China take their toll on consumer demand for electronics.

Motor1

Fisker Teases Pear Compact EV, Announces Production In Ohio In 2024

Fisker projects the Pear to have a starting price of $29,900.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Why Lordstown Motors (RIDE) Stock Is Up 22% Today

Lordstown Motors Corp's (NASDAQ: RIDE) stock is trading 21.8% higher at $1.84 in the premarket session on Thursday.

Benzinga

Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years

Apple, Inc. (NASDAQ: AAPL)'s iPhone assembler Hon Hai Precision Industry Co., Ltd.

Benzinga

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Reuters

Beijing steps up COVID curbs as virus spreads in China

Beijing shut scores of metro stations and bus routes and extended COVID-19 curbs on many public venues on Wednesday, focusing efforts to avoid the fate of Shanghai, where millions have been under strict lockdown for more than a month.

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