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Foxconn
The acquisition plans of "Fujikang" and "electric car startup Lordstown Motors" have finally ushered in new developments. On May 12th, a number of media reported that Foxconn bought electric vehicle startup Lord at a purchase price of $230 million.
According to media reports, Foxconn parent company Foxconn said it will continue to deploy the electric vehicle strategy, and the relevant capital investment is expected to be about 20 billion New Taiwan dollars (4.6 billion yuan) next year. Among them, Hon Hai's LiDAR products are ready and are expected to be mass produced in the second half of next year. It also plans to expand its plant in Mexico in the first half of next year and launch an electric car project in the Middle East in the second half of next year. Liu Yangwei, chairman of Foxconn, said that if the annual production line of electric cars exceeds 120000 to 150000 units, there is a chance to start making money when the market is concerned about when Foxconn's electric cars will be profitable. It's worth it.
Lordstown Motors, an electric car startup, issued a "possible bankruptcy" warning in a filing with the Securities and Exchange Commission (SEC) on May 1, EDT. Lordstown said that if the investment agreement with Foxconn ends up
On Nov. 10, Foxconn announced that it would buy a car assembly plant in Ohio for electric car startup Lordstown Motors (Lodstown Motor) for $230 million. Foxconn expressed the hope that through this partnership, it will be able to produce fully automatic trucks. It is understood that the car factory previously belonged to GM, and Lordstown Motors bought it from GM in 2019. But now, as Lordstown Motors is in a cash-strapped stage, the factory is sold for the company.
Recently, foreign media have exposed preview videos of several electric cars released by Foxconn Group, which can be seen using Foxconn's own car brand Foxtron. The video contains an all-electric car, an all-electric SUV and an electric bus. It is understood that the model exposed in the video will be on display at Hon Hai Technology Day (HHTD21) on October 18. In terms of performance, Foxconn will introduce battery packs with a capacity of 93,100 and 116kWh, and the output power of the front motor of the model will be 95kW, 150kW and 20.
Electric car startup Lordstown Motors filed for bankruptcy protection in Delaware court on June 27th after it failed to resolve an investment dispute with Foxconn. At the same time, the company also started the sale process to Foxconn.
Recently, according to foreign media reports, the cooperation project between Foxconn and Baiteng has been shelved, mainly due to the deteriorating financial situation of Baiteng. According to foreign media quoted several people familiar with the project said that the project has not been officially terminated, the number of Foxconn employees in the Baiteng plant is very small, are preparing for the final termination of the project. Some of the senior people involved in the project have left Foxconn. As of press time, neither Foxconn nor Baiteng could be reached for comment. In January this year, Baiteng signed a strategic cooperation framework agreement with Foxconn Technology Group and Nanjing Economic and technological Development Zone, and the three parties will work together to promote the mass production of Baiteng new energy products.
"Apple cars are just four-wheeled iPhone. If we can build iPhone, why can't we build electric cars?" Terry Gou, founder and former chairman of Foxconn, said at an internal meeting. Foxconn, the parent company of Foxconn, held the Technology Day in Taiwan on October 18, officially launching the pure electric car brand Foxtron and bringing three new cars, namely, the all-electric sedan Model C, the all-electric SUV Model E and the electric bus Model T. From the point of view of the naming of the three models, they are all named in the form of the letter Model+, and Tex.
On Oct. 6, Hon Hai released a video of the Foxtron Model B preview through its official account on its social networking site. Hon Hai Group said that the Model B is a new model based on the open platform of Hon Hai electric vehicles, using a new generation of running style and aerodynamic body styling design.
For the new car-building forces, 2020 is undoubtedly a year for big waves to clean up the sand. Many new car-building brands, such as Sailin, Future, Boxun and so on, have fallen into operational difficulties, and even the Baitang car, which was once regarded by the outside world as "the most likely to be successful", has run out of funds and has come to a standstill. CCTV commented that "burning up 8.4 billion yuan can not produce mass-produced cars." However, there has been a lot of news about Baiteng recently, and its difficult survival situation may be alleviated. On December 31, 2020, Baiteng just sent a notice of suspension of production in China to its employees, informing all companies in China (excluding Hong Kong) that they still do not have.
Foxconn is also going to build electric cars! Fiat Chrysler (FCA Group) confirmed today that it is discussing with Hon Hai Precision Industries Co. (Foxconn) the possibility of setting up a peer-to-peer joint venture to develop and manufacture a new generation of all-electric vehicles in China and get involved in the vehicle networking business. According to official sources, the two sides plan to initially focus on the Chinese market, bringing together the automotive design, engineering and manufacturing and mobile software capabilities of both sides to focus on the growing pure electric vehicle market. The two sides are still in the process of signing a preliminary agreement that will guide the future.
In the current era of the popularity of electric cars, many enterprises are looking forward to getting a piece of the pie in this industry. According to foreign media reports, Fiat Chrysler (FCA) is planning to set up a joint venture with Foxconn, a high-tech company in Taiwan, to jointly develop and produce electric cars, and will take the lead in the Chinese market.
On November 1, the bankruptcy liquidation case of Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd., an affiliated company of Baiteng Automobile, was formally heard. According to relevant data, Nanjing Zhixing New Energy vehicle Technology Development Co., Ltd. was established in June 2017. It is jointly established by Zhixing New Energy vehicle Investment Management (Nanjing) Co., Ltd. and Nanjing Qining Feng New Energy Automobile Industry Investment Fund Partnership (Limited Partnership). Nanjing Baiteng Automotive Technology Co., Ltd. was established in December 2017 and is 100% owned by Nanjing Zhixing New Energy. The bankruptcy liquidation will also mean that Baiteng Motor lost 8.4 billion of its investment in three years.
Another new car maker faces suspension and delisting, this time from American electric car startup Lordstown Motors (hereinafter referred to as "Loddtown Motor"). On June 29th, the media reported that Loddtown Motor said it had received a letter from Nasdaq on June 28th.
Hon Hai announced on the Taiwan Stock Exchange that the stake in Guangzhou Orange Bank Zhi Zhi Automotive Technology Co., Ltd. was sold to an investment company in Tianjin, with a total transaction value of about 300 million yuan. Coincidentally, recently, foreign media have also revealed that Foxconn has shrunk its mobile business and entered into automobile projects. Fuzhikang is shifting engineers and other resources from its Android smartphone business, which accounts for 90 per cent of its revenue, to a new automotive electronics project, people familiar with the matter told the Nikkei Asia Review (NikkeiAsianReview). It is reported that one of Foxconn's engineering and technical teams has been.
According to Tianyan investigation, Baiteng Automobile affiliated company Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd. added bankruptcy reorganization information on July 12, case number (2021) Su 0113 Breaking Shen 26, the applicant is Shanghai Huaxun Network system Co., Ltd. According to Sky Eye check risk information, the company currently has a total of 23 information about the person subject to execution and 13 pieces of untrustworthy information. In response, the person in charge of Baiteng Automobile responded to the media: "at present, some creditors have filed a lawsuit to the court and filed for bankruptcy, the court has not formally accepted the bankruptcy application, Baiteng is actively responding and seeking settlement." According to public information, bye.
Apple cars finally have a new development: Apple cars are targeting the high-end market of more than $100000 and will launch their first electric car by the end of 2024 at the earliest. On May 4, according to a number of media reports, including Taiwan's Economic Daily and the Financial Associated Press, Apple Motor is likely to entrust Taiwan's Hon Hai Group (Foxconn) to lose.
According to the US technology media "The Verge", Bi Fukang, the current CEO of FF and former chairman of Baiteng, revealed the "underlying reasons" for resigning as chairman of Baiteng at a media event held at FF's headquarters in Los Angeles. Bi Fukang, known as the father of BMW i8, started his own business after BMW resigned. In 2016, Bi Fukang joined FMC, a new car company, along with Dai Lei, who also worked at BMW. At that time, Foxconn and Tencent were investors in FMC. However, due to various reasons, Tencent and Foxconn withdrew one after another, Bifukang and Dai Lei had no choice.
After Baidu, Foxconn and Xiaomi, a "boss" announced his move into the auto industry. On December 15, Niu Innovation Energy, founded by Li Yinan, launched its new car brand "NIUTRON" and announced its Chinese name "self-Travel Home". According to the official description, NIUTRON symbolizes the spirit of exploring the world, and the core of the brand advocates exploration, diligence and pleasure. The Chinese name is "self-traveler", hoping to provide users with a comfortable and comfortable travel experience. According to the plan, the product layout of self-traveling home adopts pure electric and add-on parallel, and the Gemini Gemini platform has been developed. Based on this platform.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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