Taiwan-based electronics maker investing $500M in Mexico
Taiwan-based electronics maker Foxconn is betting big on Mexico with a $500 million investment.
Taiwan-based electronics maker Foxconn is betting big on Mexico with a $500 million investment.
Losers among transportation startups are rapidly being defined, It will take longer to determine the winners.
Lordstown Motors dodged delisting from the Nasdaq by a reverse stock split, but its future remains murky.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
The Lordstown Motors Endurance electric pickup was delayed, subject to cost overruns and now faces a safety recall.
Lordstown Motors received final approvals to ship its battery-electric pickup truck to customers, overcoming doubt about its viability.
Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
The survival of electric pickup truck startup Lordstown Motors likely hinges on completing the plant sale to Taiwan’s Foxconn.
Veteran automotive executive Ed Hightower is trying to bring the Lordstown Endurance electric pickup truck to market despite myriad setbacks.
Lordstown Motors is sticking to planned production of the Endurance electric pickup truck in Q3, but a shortage of cash makes the plan uncertain.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Truck Talk is a weekly FreightWaves newsletter providing perspec on autonomous, electrification and other key issues in the trucking ecosystem.
Taiwan’s Foxconn would manufacture Lordstown Motors’ Endurance electric pickup truck under an agreement to buy the former GM assembly complex.
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Industrial AI requires data from physical processes enhanced with digital capabilities through sensors and other connected devices.
Foxconn Technology Group (OTC US: FXCNY) created more uncertainty for its suppliers on Friday when it announced that it’s recommitting to building a liquid crystal display monitor (LCD) factory in Mount Pleasant, Wisconsin according to the Wall Street Journal.
JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round.
Apple’s manufacturing partner Foxconn Technology Group, which assembles Apple’s iPhone product in China, announced on Saturday that it has raised over $213 million for what it described as a “mega-development” in India.
Among news of poor performance in the Chinese economy, one of the most distressing signals for foreign retailers and manufacturers is Apple’s announcement on Wednesday that the company had reduced revenue expectations due to poor iPhone sales in China.
Taiwanese company Foxconn Technology Group is planning to build a manufacturing plant in Mount Pleasant, WI, and now wants the state to build it a roadway for autonomous vehicles