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Stellantis And Foxconn To Make EV Announcement On Tuesday

Automotive giant Stellantis and Taiwanese multinational electronics contract manufacturer Foxconn, the producer of the iPhone among other products, said on Monday that they would be announcing a strategic partnership tomorrow, Tuesday, May 18.
Representatives from each company will include Stellantis CEO Carlos Tavares; Foxconn Chairman Young Liu; Yves Bonnefont, Chief Software Officer at Stellantis; and Calvin Chih, Chief Executive Officer at FIH.
Last year, Fiat Chrysler, which has since been subsumed into Stellantis, said it intended to set up a joint venture with Hon Hai Precision Industry, the parent company of Foxconn. At the time, FCA had said it intended to build and develop electric vehicles and internet-connected vehicles in China. ....

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iPhone Maker Foxconn Says Component Shortage Will Worsen In Q2 of 2021

14 May 2021, 07:05 am
Foxconn said, on Friday, May 14, that the shortage of components will be more severe in the second quarter of 2021. It comes after the iPhone maker announced that it performed better in its quarterly profits, despite the supply crisis.
In the first quarter of 2021, Taiwan s Foxconn revenue posted a whopping 45% increase, Reuters reported. The known iPhone manufacturer has the highest earnings ever in the said period.
The profits have skyrocketed amidst the problems in components supply, and the steep slow down of iPhone production in India as workers are infected by COVID-19.
(Photo : (Photo by Daniel Berehulak/Getty Images)) ....

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Benzinga's Bulls And Bears Of The Week: Apple, GE, Microsoft, Tesla, Twitter And More

The past week s bullish calls included the iPhone maker, top airlines and a leading coffee purveyor.
Social media and electric vehicle leaders were among the bearish calls seen during the week.
The stock market kept hitting new record highs in the final week of April, with the Nasdaq posting a 5% or so gain for the month and the Dow Jones industrials up about 3% in that time. Still, the S&P 500 managed to end the week essentially flat and the other two indexes fractionally lower.
Earnings reports continued to roll in during the week, largely beating expectations, including from most of the FAANG stocks. Some market darlings were punished despite strong quarterly results. The preliminary first-quarter gross domestic product figure was better than expected as well, but just barely. ....

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Byton's German Subsidiary Forced Into Insolvency

Byton still plans to begin producing its M-Byte SUV in China by Q1 2022. ....

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Chinese phone-maker Honor partners with key chip suppliers after Huawei split

Chinese phone-maker Honor partners with key chip suppliers after Huawei split
Reuters
Shenzhen |
Updated on
In pact with Intel and Qualcomm
Chinese budget phone-maker Honor has signed partnerships with major chip suppliers such as Intel and Qualcomm after being spun off from under-fire parent Huawei Technologies in a bid to save it last year, it said on Friday.
Huawei had sold Honor to a consortium of 30 of the sub-brand’s agents and dealers in November to help it resume sourcing components restricted by US sanctions.
As Chief Executive George Zhao launched the View40, Honor’s first phone model since the split, Honor said in a statement it now had its own deals with some tech firms. ....

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