Foxconn Investing $170 Million into Lordstown Motors

The world’s largest electronics contract manufacturer, Foxconn, has announced another huge capital investment into Lordstown Motors as it prepares to build electric vehicles (EVs) in Ohio. Foxconn is set to invest $170 million into Lordstown Motors, purchasing a combination of common stock and new preferred shares, according to a joint statement from the two companies […]

Foxconn Hopes to Someday Make Cars for Tesla, Says Chairperson

Apple iPhone maker Foxconn is hoping to diversify its business as it boosts its electric vehicle (EV) manufacturing, and it even says it hopes to make Tesla’s cars, too. Taiwan’s Foxconn said on Tuesday that it hopes it can someday make cars for Tesla, as stated by Chairperson Liu Young-way at the company’s yearly Tech […]

iPhone Maker Foxconn Partners with Indonesia to Support EV Growth in Nation

Apple iPhone supplier Foxconn has been keen on new plans to make electric vehicles (EVs), and following the company’s release of three concept EVs, the Taiwan-based now-automaker is reportedly working with Indonesia to bolster EV adoption. Foxconn announced this week that it has partnered with Indonesia’s Investment Ministry as well as a number of countries […]

Taiwan’s Foxconn Unveils EV Concepts: Model C, Model E and Model T

Taiwan-based Hon Hai Technology group, known as Foxconn, is best known for manufacturing Apple products such as the iPhone, but now has finally unveiled its next move into the world of electric vehicles. At the company’s Hon Hai Technology Day, it detailed three unique electric vehicles (EVs), with a naming scheme that sounds out of […]

Lordstown Motors Sells Ohio Plant to Foxconn for EV Production

After purchasing an Ohio factory from General Motors (GM), Lordstown Motors saw its two top executives leave earlier this summer, with new plans unveiled to sell the factory entirely – but not without forging a partnership first. Lordstown Motors has agreed to a $280 million USD partnership deal that has the company selling its Ohio […]

Foxconn Building Electric Vehicle Factories in the U.S., Thailand in 2022

Following various reports of the world’s largest electronics supplier Foxconn planning for an electric vehicle (EV) future, the Taiwan-based company has now said it plans to build two new factories overseas. On Thursday, Foxconn announced plans to build EV production facilities in Thailand and the U.S. in 2022, with production beginning as soon as 2023, […]

Fisker Partners with Foxconn to Develop Electric Vehicles

Fisker unveiled its debut electric SUV, the Fisker Ocean, last month, with a starting price of $37,499 USD. And now, the company has announced new plans to work with a familiar electronics company on all of its upcoming designs. On Wednesday, Fisker announced a new partnership with Foxconn, a manufacturer of iPhones, Xboxes, and more […]

Apple Supplier Foxconn Plans Joint Electric Vehicle Venture

Foxconn has been making our precious iPhones for Apple to deliver around the world for quite some time now, but according to new reports, the company now has plans to branch out into a new sector. On Wednesday, Foxconn and Zhejiang Geely Holding Group Co. put out a joint statement announcing their entry into the […]