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Indigo Technologies Secures Investment from Foxconn to Accelerate Smart EV Development - Vimarsana News

Indigo Technologies Secures Investment from Foxconn to Accelerate Smart EV Development

Indigo Technologies, a Smart EV Original Equipment Manufacturer (OEM) specializing in robotics, announced an investment from Foxconn.

Japan's Nidec picks chief of automotive motor unit as new CEO, ET Auto - Vimarsana News

Japan's Nidec picks chief of automotive motor unit as new CEO, ET Auto

Nidec: With the appointment, the Kyoto-based maker of automotive components and precision motors seeks to bring to an end a long-running succession struggle as it faces heavy price competition in China's electric vehicle market.

Nidec Sees 'Ocean of Red' in China's Competitive EV Market - Vimarsana News

Nidec Sees 'Ocean of Red' in China's Competitive EV Market

(Bloomberg) -- Tesla Inc. supplier and motors maker Nidec Corp. slashed its full-year operating income guidance by almost 20% on what its chairman said was “an ocean of red” in China’s electric-vehicle market. Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionRussia Says Military Plane With 65 Ukrainian POWs CrashedAckman Boosts Israel Support With 5% Stake in Tel Aviv BoursePrices are plun

Source: yahoo.com
Foxconn Establishes New Electric Vehicle Company - Vimarsana News

Foxconn Establishes New Electric Vehicle Company

The Apple iPhone contract manufacturer accelerates EV plans with a new Chinese base amid the slowing of smartphone contracts.

Foxconn makes most of the world's iPhones. Now its CEO wants to make EVs - Vimarsana News

Foxconn makes most of the world's iPhones. Now its CEO wants to make EVs

It’s become a cliche in the auto industry that modern vehicles are “iPhones on wheels.” Cars and SUVs are packed with computer chips, sophisticated sensors, touchscreens and data connections.

Source: aol.com