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The Latest Breaking News from Foxconn

Lordstown Files For Bankruptcy As Foxconn Deal Sours

Fraud allegations against manufacturing partner lead to Chapter 11 filing; Endurance EV pickup truck and assets put up for sale.

Zenger

Lordstown Motors Files For Bankruptcy After Dispute With Foxconn

EV maker starts sale process for Endurance pickup truck and related assets

Zenger

Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies

Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.

Reason

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Lucid Stock Rally, Lordstown Slide Show This Is Key For EV Startups

Lucid Group (LCID) and Lordstown Motors (RIDE) continued to make big moves off low bases Thursday in a busy week for EV stocks of startup companies. Saudi Arabia's Public Investment Fund (PIF), Lucid's majority shareholder, plowed $1.8 billion more into Lucid shares, a filing revealed Tuesday. That news came a…

Investors Business Daily

US truck startup Lordstown files for bankruptcy after Foxconn deal falls through

Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.

Tribune News Service

Electric truck maker lauded by Trump as saving Ohio town files for bankruptcy

Lordstown Motors puts itself up for sale after unresolved dispute over promised investment from Taiwan company

The Guardian - US

Lordstown Motors Files For Bankruptcy, Sues Foxconn For “Bad Faith”

Under the Chapter 11 restructuring process, the Ohio-based EV maker is looking to sell the Endurance vehicle and related assets.

InsideEVs

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Google is reportedly looking into building Pixel phones in India

Google currently relies on China and Vietnam to produce its Pixel devices. Due to the ongoing trade war, the company is looking for alternatives starting with India.

Android Central

Foxconn to start manufacturing iPhone in India Karnataka by April 2024

Taiwanese company has set a target to manufacture 20 million (2 crore) units of iPhones in India annually

The Hindu

Lordstown Motors Considering Suing Foxconn Over Funding Issues

Lordstown Motors, the EV startup that developed the Endurance all-electric pickup, plans to take legal action against investor Foxconn to ensure that the Taiwanese firm completes its planned purchase of nearly 10 percent of the EV maker’s shares.

InsideEVs

Stop industries from shifting out of Tamil Nadu, Palaniswami urges CM Stalin

The Hindu

Here are the big stories from Karnataka today

Karnataka Today newsletter: IAF trainer aircraft crashes near Chamarajanagar, and more

The Hindu

Karnataka govt. to hand over land to iPhone maker Foxconn by July 1: Minister M.B. Patil

Karnataka Minister M.B. Patil said Foxconn planned to start manufacturing iPhone units by April 2024 at its Devanahalli plant

The Hindu

2023 Lordstown Endurance: EPA Range Rating Reveals Terrible Efficiency

The 2023 Lordstown Endurance is equipped with a 109-kWh battery, but it disappoints in terms of energy efficiency, which significantly affects the EPA range.

InsideEVs

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Fortune

Apple supplier giving factory staff $424 bonus if they can stick it out for 90 days ahead of new iPhone launch

Third-party manufacturer Foxconn is hoping to avoid any production problems ahead of the crucial Christmas shopping season following last year’s COVID difficulties.

iMore

Key iPhone 15 supplier splashes the cash to avoid repeating its iPhone 14 delay woes

Foxconn is spending big to make sure it has enough workers to build Apple's next big iPhone.

The Conversation

Friday essay: what the migrant workers who made my iPhone taught me about love

Ten years ago, a group of images on a popular Chinese website caught my attention. They showed young rural migrant workers in intimate, though not overtly sexual situations: talking quietly, holding hands, kissing, embracing, or simply sitting close to each other with their limbs intertwined.

The Guardian - UK

Surge in strikes at Chinese factories after Covid rules end

Action by workers has trebled this year as the country emerges from its draconian coronavirus measures

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iMore

Foxconn loses iPhone 16 Pro Max build job in major change for iPhone production

iPhone 16 Pro Max's screen manufacturer is moving from Foxconn to Luxshare.

The Independent UK

Taiwan opposition party picks New Taipei mayor, a former police chief, as its presidential candidate

Taiwan’s opposition Nationalist Party has picked the popular mayor of New Taipei City as its candidate in next year’s presidential election, seen as a referendum on the island’s future relations with China

iMore

Key iPhone manufacturing partner Foxconn bets big on India's Telangana

Foxconn is investing $500 million in Telangana in southern India with new plants being set up.

Bangkok Post

Asian trade subdued as economic outlook weakens

RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

InsideEVs

UPDATE: Fisker Pear EV Delayed To 2025, Will Start From Less Than $30,000

The California-based EV startup initially said that the Pear will go into production in 2024 at the Foxconn-owned factory in Ohio where the Lordstown Endurance electric pickup is currently being made.

The Hindu

iPhone maker Foxconn buys huge site in Devanahalli

Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Bengaluru, the key Apple supplier said in a filing on Tuesday (May 9) as it looks to diversify production away from China.

Bangkok Post

iPhone maker Foxconn buys huge site in India

BENGALURU, India: Taiwanese electronics giant Foxconn has bought a huge tract of land on the outskirts of Indian tech hub Bengaluru, the key Apple supplier said in a filing Tuesday as it looks to diversify production away from China.

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