Tag Archives: Foxconn

Apple iPhone Assembler Invests in China’s Ride-Hailing Didi Chuxing

Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher

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FUTURE Mobility Aims to Launch Smart-Electric Cars Before 2020

Four month-old Future Mobility Corp. seeks eventually to sell several hundred thousand fully electric, highly automated, China-built vehicles a year. The company is also backed by Chinese luxury-car dealer Harmony New Energy Auto and Foxconn Technology Group, which assembles iPhones for Apple Inc. Apple has been working on its own autonomous electric car. The company aims to sell cars in

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