Apple supplier Foxconn in talks to invest in embattled Chinese Tesla challenger Byton

//Apple supplier Foxconn in talks to invest in embattled Chinese Tesla challenger Byton

Apple supplier Foxconn in talks to invest in embattled Chinese Tesla challenger Byton

Apple supplier Foxconn Technology Group is in talks to invest in embattled Chinese electric-vehicle start-up Byton in a deal that could mark a large bet by the iPhone assembler on the car-making business, according to people familiar with the matter.Foxconn, whose main listed arm is Hon Hai Precision Industry, plans to invest around US$200 million and the companies aim to start mass production of the Byton M-Byte by the first quarter of 2022, one of the people said, declining to be named…

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By | 2021-01-04T07:00:43+00:00 January 4th, 2021|Technology|Comments Off on Apple supplier Foxconn in talks to invest in embattled Chinese Tesla challenger Byton