• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Apple supplier Foxconn halts EV project with China’s Byton – Nikkei

September 15, 2021 by David Barret Leave a Comment

September 15, 2021

(Reuters) – Apple supplier Foxconn’s electric vehicle project with Byton has been put on hold due to the Chinese startup’s worsening financial situation, the Nikkei newspaper reported on Wednesday https://s.nikkei.com/2YOxvxg, citing unidentified sources with knowledge of the matter.

“The [Byton] project is not officially terminated yet, but it is very challenging to proceed at this moment,” one of the sources told Nikkei Asia.

Foxconn said in January that the Apple assembler and the Nanjing Economic and Technological Development Zone had agreed to start building electric sport-utility vehicles in 2022 for Byton.

A few Foxconn employees are still stationed at Byton’s factory, another source said, but “they are wrapping things up and preparing for the end when it becomes necessary.”

Some higher-level talent involved in the project has even left Foxconn, the report added.

Foxconn’s plans to build factories in the United States and Thailand to assemble entire vehicles in 2023 are intact, according to Nikkei.

Foxconn declined to comment, while Byton did not immediately respond to a request for comment.

(Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger and Sherry Jacob-Phillips)

Source Link Apple supplier Foxconn halts EV project with China’s Byton – Nikkei

David Barret
David Barret

Related posts:

  1. European shares turn positive as easing U.S. inflation data offsets luxury drag
  2. Tennis – Raducanu hits Met Gala red carpet in New York victory lap
  3. Apple updates iPads for work-from-home as new 5G iPhones expected
  4. Mexico may consider southern states for semiconductor production

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • “Lizard Shampoo” And Pagan Texts Suggest “Dark Age” Medicine Wasn’t So Dark After All
  • Japanese Macaques May Mourn Their Dead – As Long As They’re Not Maggot-Infested
  • This Is What You’d Hear If You Listened To Voyager’s Golden Record NASA Sent To Interstellar Space
  • RFK Jr’s New Vaccine Advisors Just Recommended Fall Flu Vaccines – But There’s A Catch
  • Controversial World-First Project To Create Human DNA From Scratch Takes First Steps
  • Humans Weren’t The First Species To Travel Around The Moon. They Lost This Race To An Unexpected Animal
  • When You Hack A Shark, You’re Exploiting A Glitch Billions Of Years In The Making
  • Wellness Whales, A New Blood Type, And A DJ Set From Space
  • Hate Flying Ants? We Used To Have Ones The Size Of Hummingbirds
  • ‘Tis The Season To See Titan Cast A Shadow On Saturn – Especially If You Are In America
  • World’s Bravest Vets Put Full Metal Dental Crown On A Bear For The First Time
  • “Spider Rain”: The Bizarre Phenomenon That’ll Send Arachnophobes Into A Spin
  • Scientists Gave Mice A Human “Language Gene” And Something Curious Unfolded
  • Surveillance Of People Is More “Pervasive And Normalised” Than Previously Thought, Endangering Our Privacy
  • US Sees 90 Percent Drop In Heart Attack Deaths Over Last 50 Years
  • Is A Cat Poop Parasite Decapitating Human Sperm Contributing To Rising Infertility?
  • How Fast Were Dinosaurs? Guineafowl Races Reveal They Were Probably Slower Than We Thought
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version