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Foxconn Taiwan auto JV aims to roll out EV bus in Oct - source


By Reuters Staff
2 Min Read
TAIPEI, Feb 9 (Reuters) - A joint venture between Apple Inc assembler Foxconn and Taiwanese car maker Yulon Motor Co Ltd aims to roll out its first electric vehicle (EV) bus this October, a source with knowledge of the situation said.
The source said that the EV bus that would be rolled out in October would be a prototype.
Yulon referred questions to Foxconn, which declined to comment.
Foxconn has ramped up its interest in EVs over the past year or so, announcing deals with Chinese EV maker Byton and Chinese automaker Zhejiang Geely Holding Group . ....

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Japanese shares hit fresh 30-year high on robust corporate earnings


By Reuters Staff
3 Min Read
TOKYO, Feb 8 (Reuters) - Japanese shares rose sharply on Monday, with both Nikkei and Topix hitting 30-year highs, as strong corporate earnings lifted investor confidence for an economic recovery from pandemic lows.
The Nikkei share average jumped 2.09% to 29,380.12 by 0210 GMT, the highest level since August 1990, while the broader Topix rose 1.75% to 1,923.96, the highest since June 1991.
“With the vaccine rollouts and the fall in the number of daily COVID-19 infections, expectations for normalization of the economy is rising,” said Soichiro Matsumoto, chief investment officer Japan at Credit Suisse Private Banking.
“Better-than-expected corporate performance in this environment is also lifting sentiment. Many U.S. firms have reported upbeat results and Japanese companies, particularly those sensitive to overseas demand, are following suit.” ....

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