July 25, 2021
11 11 11 AM
Uber to buy logistics company Transplace for $2.25 billion
In 2040, You May Drive a Car That Looks Like This
Michigan man pleads guilty to crashing into, killing bicycle-riding teenager
Lightyear One to be manufactured in Finland by Valmet Automotive
Vehicle submerged in Colorado pool inspires perfect response from local police
The scorching hot used car market may finally be cooling off
Chippewa Falls man helps others one bicycle at a time
Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles
DC police ask for help to ID vehicle used in shooting death of 6-year-old
EV Stocks Could Fly This Summer
Latest Post
Uber to buy logistics company Transplace for $2.25 billion In 2040, You May Drive a Car That Looks Like This Michigan man pleads guilty to crashing into, killing bicycle-riding teenager Lightyear One to be manufactured in Finland by Valmet Automotive Vehicle submerged in Colorado pool inspires perfect response from local police The scorching hot used car market may finally be cooling off Chippewa Falls man helps others one bicycle at a time Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles DC police ask for help to ID vehicle used in shooting death of 6-year-old EV Stocks Could Fly This Summer

UPDATE 3-Taiwan’s Foxconn discussing electric vehicle plant in Wisconsin

(Adds Fisker comment)

TAIPEI, July 9 (Reuters) – Taiwan’s Foxconn said on Friday it was in talks with the U.S. state of Wisconsin about building electric vehicles there, part of the major Apple Inc supplier’s push to diversify income streams.

Foxconn and electric car manufacturer Fisker Inc said in May that they had finalised a vehicle-assembly deal. They did not identify a location, but Fisker’s CEO said Foxconn’s Wisconsin site was a possibility.

In a statement, Foxconn said it had begun discussions with Wisconsin.

“Foxconn has engaged the Wisconsin Economic Development Corporation to discuss the company’s plans for electric vehicle manufacturing. Foxconn is optimistic about our partnership with WEDC and looks forward to ongoing discussions,” it added.

The company, formally called Hon Hai Precision Industry, gave no further details.

A Wisconsin Economic Development Corp spokesman said the agency does not comment on any potential talks until a contract is executed.

In April, Foxconn drastically scaled back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called “the eighth wonder of the world” and was supposed to build cutting-edge flat-panel display screens.

A month earlier, Foxconn’s chairman said it may make electric vehicles (EVs) at the Wisconsin site, though could decide on Mexico, and would make a decision this year.

Over the past year or so Foxconn has announced several deals on the production of EVs with automakers including Fisker, China’s Byton and Zhejiang Geely Holding Group, and Stellantis NV’s Fiat Chrysler unit.

On Friday, Fisker said talks with Wisconsin economic development officials were normal in the process of evaluating potential plant sites. The carmaker said in May it had finalized plans for Foxconn to build vehicles for the electric car startup at a U.S. plant starting in 2023, and Wisconsin was one of four options.

Foxconn aims to provide components or services to 10% of the world’s EVs by 2025 to 2027, posing a threat to established automakers by allowing technology companies a shortcut to competing in the vehicle market. (Reporting by Ben Blanchard in Taipei Additional reporting by Ben Klayman in Detroit Editing by David Evans and Mark Potter)