Foxconn pushes into electric vehicle production near its biggest iPhone plant amid slow smartphone sales

Foxconn Technology Group has set up a new car venture in Zhengzhou city, capital of central China’s Henan province and home to the world’s largest iPhone factory, as the Apple supplier steps up its efforts in the new energy vehicle (NEV) sector amid declining smartphone sales. The new firm, named Foxconn New Energy Automobile Industry … Read more