TAIWAN IPHONE MAKER FOXCONN SETS ITS SIGHTS ON THE EVER MORE CROWDED EV MARKET

Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping up links in the automotive supply chain, one of a growing number of technology companies that are leveraging their knowhow in electronics and communications. Foxconn’s auto venture with Taiwan automaker and importer Yulon Motor Co., Foxtron, showcased its Model B, a sleek EV hatchback, as well as its automotive electronics, at the Consumer Electronics Show in Las Vegas last week. Honda and Nissan announced in December that they plan to seek a merger, a move that reports…

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Apple - 1 Issue, #690

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