iPhone manufacturer Foxconn might save Chinese EV startup Byton with a $200M investment

This post was originally published on this site

One of Apple‘s main component suppliers is reportedly in talks to buy a financially beleaguered electric vehicle (EV) maker. According to a Bloomberg News report which cites “people familiar with the matter,” Foxconn Technology Group is in discussions to invest $200 million into Chinese EV startup Byton Ltd. [Read: The Kalashnikov CV-1 was meant to kill Tesla and impress Putin — but where is it?] The funding injection would allegedly help Byton begin manufacture of its M-Byte electric car by the first quarter of 2022. Although that information is not confirmed, and sources have not been named. Byton is one…

This story continues at The Next Web

Or just read more coverage about: iPhone

Leave a Reply

Your email address will not be published. Required fields are marked *