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Foxconn

Apple supplier Foxconn teams up with Fisker to make electric vehicles

Apple supplier Foxconn teams up with Fisker to make electric vehicles

  • The deal, codenamed "Project PEAR" (Personal Electric Automotive Revolution), is looking at markets globally, including North America, Europe, China and India, Fisker said.
  • Foxconn aims to provide components or services to 10% of the world's EVs by 2025 to 2027, Chairman Liu Young-way said in October.
Updated 24 Feb, 2021 09:10pm
Fisker to collaborate with Foxconn on electric vehicle project, shares jump
Business & Finance

Fisker to collaborate with Foxconn on electric vehicle project, shares jump

  • As part of the deal, codenamed "Project PEAR" (Personal Electric Automotive Revolution), Foxconn will manufacture the vehicles at projected annual volumes of more than 250,000.
  • It marks the latest move by Foxconn, a major Apple Inc supplier, into autos. Foxconn has previously signed similar deals with Chinese startup Byton and automaker Fiat Chrysler in January.
Published 24 Feb, 2021 06:42pm
Amazon to make TV streaming device in India
Business & Finance

Amazon to make TV streaming device in India

  • Amazon said hundreds of thousands of Fire TV Sticks would be produced annually, helping it to meet demand from Indian customers.
  • "Amazon will continuously evaluate scaling capacity to additional marketplaces/cities depending on the domestic demand," the company said.
Published 16 Feb, 2021 05:45pm