Los-Angeles based EV start-up Fisker and manufacturing powerhouse Foxconn have reached an agreement to make sub-$30k EVs for Europe, North America, China and India.
Ready or not the Great Lakes as a climate refuge
The Great Lakes region is frequently touted as one of the most climate-resilient places in the U.S., in no small part because of its enviable water resources. But climate change threatens water quality, availability, and aging water infrastructure by exposing existing vulnerabilities and creating new ones. In this series, members of the Great Lakes News Collaborative explore what it may take to prepare the Great Lakes region for the future climatologists say we can expect.
Funded by the Charles Stewart Mott Foundation, the collaborative’s four nonprofit newsrooms Bridge Michigan, Circle of Blue, Great Lakes Now at DPTV and Michigan Radio aim to elevate discussion, amplify the voice of Michigan residents and produce action that protects the region’s waters for future generations. While Mott provides financial support, our public service journalism is produced independently.
EV Startups Lose Over $40B After Taking SPAC Route themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.
Provided by Dow Jones By Yifan Wang Foxconn Technology Group s first-quarter profit surged compared with an unusually low level a year earlier, when the Apple supplier shut some factories in China and slowed production amid the peak of the pandemic. Net profit was 28.16 billion New Taiwan dollars (US$1.01 billion), compared with just NT$2.08 billion in the same period last year. First-quarter revenue jumped 45% to NT$1.347 trillion. Foxconn, known formally as Hon Hai Precision Industry Co., is best known for assembling Apple iPhones, among other products, mostly in China. It relies on Apple for about half of its revenue, according to analyst estimates.