Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market
- Foxconn is entering the electric vehicle market with ambitions to produce four of every 10 EVs sold globally, as stated by the company.
- Nissan and Honda announced plans to merge in response to competition from companies like Foxconn, according to reports.
- Foxconn has invested nearly $1.3 billion in auto-related acquisitions over the past decade, as reported by Mergermarket.
- The electric vehicle market is facing challenges as sales growth slows, with consumers questioning the affordability of EVs, according to industry experts.
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Coverage Details
Total News Sources0
Leaning Left11Leaning Right3Center6Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
L 55%
C 30%
15%
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