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Nissan considers Foxconn EV output to save Oppama from closure, Nikkei says
Economic Times
·
1m ago
Medial
Nissan Motor is discussing a collaboration with Taiwan's Foxconn to produce electric vehicles, potentially saving its Oppama plant in Japan from closure. This move comes amidst Nissan's restructuring plans, which may have targeted the Oppama plant, employing around 3,900 workers, for consolidation. By producing Foxconn-brand EVs, Nissan aims to preserve jobs and supplier networks, according to a report by the Nikkei business daily.
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Foxconn has discussed making bid for Nissan
Livemint
·
7m ago
Medial
Taiwanese contract manufacturing company Foxconn is reportedly in discussions to acquire Nissan as part of its plans to expand its electric vehicle (EV) business. Foxconn is interested in Nissan's core assets, particularly its expertise in car hardware manufacturing and design. The former Nissan executive, Jun Seki, who now heads Foxconn's EV business, has facilitated communication between the two companies. This interest coincides with confirmation from Nissan and Honda that they are in talks regarding a potential merger or collaboration. Foxconn aims to leverage its experience in contract manufacturing to establish a presence in the global EV market.
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Foxconn eyes Japan for electric vehicle growth, seeks partnerships
Economic Times
·
4m ago
Medial
Taiwan's Foxconn is targeting Japan to expand its electric vehicle (EV) operations and aims to form partnerships with Japanese companies. As global automakers face competition from Chinese brands expanding in battery-powered vehicles, Foxconn plans to collaborate with manufacturers like Nissan, Honda, and Mitsubishi. The company, focusing on business-to-business services, intends to introduce electric and microbuses in Japan by 2027 and is finalizing a deal to supply EVs to Mitsubishi, enhancing its presence in the Japanese market.
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Renault buys out Nissan’s 51% stake in India JV, French carmaker to lead with new EV plans
Business Today
·
4m ago
Medial
Renault is taking full ownership of its Indian joint venture, Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring Nissan's 51% stake. This strategic move aims to enhance Renault's presence in India’s rapidly growing auto market. Renault will manage the Chennai plant, maintaining Nissan models' production while advancing its own projects, including EV developments. Nissan retains access for sourcing and will jointly control a technology and business center in India with Renault.
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Foxconn sells former GM factory to mystery buyer after failing to make EVs | TechCrunch
TechCrunch
·
4d ago
Medial
Foxconn sold its former GM factory after failing to establish large-scale EV production, marking another setback in its U.S. manufacturing ambitions. The buyer, an entity named Crescent Dune LLC, remains largely undisclosed. Foxconn, initially aiming to turn the plant into a significant EV hub, faced multiple bankruptcies from partners like Lordstown Motors and others. The factory may now focus on AI server production, highlighting a shift in Foxconn's manufacturing focus.
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Foxconn says it is the beginning of the Bharat era
Economic Times
·
1y ago
Medial
Foxconn, Apple's largest contract manufacturing company, has expressed its enthusiasm for the "beginning of the Bharat era" in India. The company's India representative, V Lee, posted on LinkedIn about their focus on electric vehicles (EVs) and semiconductors during the recently concluded Hon Hai Technology Day. Foxconn is exploring EV opportunities in several states, including Tamil Nadu, as per Lee's response to a post on LinkedIn. The company aims to establish a production line in India to cater to the two-wheeler EV market in Southeast Asia. Foxconn's annual report highlights their focus on EVs, digital health, and robotics. The company presently operates over 30 factories in India and is committed to furthering the ambition of fab manufacturing in the country.
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The great EV pullback has begun
The Verge
·
28d ago
Medial
Amid growing uncertainties, automakers are halting or rescheduling their electric vehicle (EV) launches, impacted by President Trump's budget bill cutting EV incentives. As car companies evaluate the market, many brands like Ferrari, Ford, and Nissan reconsider their EV strategies, delaying or canceling models due to diminished tax credits and a volatile political landscape. While interest in EVs remains, industry players face challenges amid policy shifts, impacting rollout plans amid rising costs and unstable demand.
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What’s on Foxconn’s plate this year? up to 30 million apples
Economic Times
·
4m ago
Medial
Foxconn plans to significantly increase its iPhone production in India, aiming for 25-30 million units, more than double its previous output. This expansion is in line with Apple's strategy to diversify its supply chain beyond China. With facilities in Bengaluru and Hyderabad, alongside the existing Sriperumbudur campus, Foxconn seeks to bolster its presence in India. Beyond smartphones, the company aims to delve into sectors like electric vehicles, energy, and digital health, marking its broader growth strategy.
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Foxconn’s Bharat FIH is facing turbulence due to top-level exits
Economic Times
·
1y ago
Medial
Foxconn subsidiary Bharat FIH has reportedly lost three independent directors in the past three months and is likely to close its manufacturing facility in Sri City, Andhra Pradesh. The potential closure is a result of a significant decrease in orders from its major client, Xiaomi. Bharat FIH's overreliance on Xiaomi has left the company vulnerable in the face of changing market conditions.
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Foxconn says execs from Nvidia, Google, BMW will speak at its annual forum
Economic Times
·
10m ago
Medial
- Foxconn to host annual tech day forum next week, with executives from companies like Nvidia, Google, and BMW speaking. - Nvidia CEO Jensen Huang made an appearance last year to announce a partnership with Foxconn for building AI factories. - Executives will discuss topics such as artificial intelligence, electric vehicles, and digital health management. - Two new electric vehicle models will be unveiled at the event. - Foxconn aims to replicate its success in assembling electronics as it expands into making electric vehicles.
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Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source
OutlookIndia
·
2m ago
Medial
Apple plans to maintain India as a key manufacturing hub, despite remarks from U.S. President Trump favoring increased production in the U.S. Apple executives assured Indian officials that their investment strategies remain unchanged. Foxconn, a major Apple supplier, has commenced manufacturing Apple AirPods in Telangana for export, demonstrating ongoing commitment. India contributes significantly to global iPhone manufacturing, with 15% of output, and supports a large job market through Apple's ecosystem.
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