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China's Xiaomi expands manufacturing in India, adds 3 new partners for smartphones, smart TVs


China s Xiaomi expands manufacturing in India, adds 3 new partners for smartphones, smart TVs
Xiaomi has added three more partners, of which, two will set up manufacturing plants for smartphones and one for smart TVs
Nidhi Singal | February 25, 2021 | Updated 16:09 IST
Other than ramping manufacturing products in India, Xiaomi has increasingly sourced smartphone components locally
Chinese technology company Xiaomi, which happens to be the number one smartphone brand in the country, is expanding its manufacturing in India. Xiaomi has added three more partners, of which, two will set up manufacturing plants for smartphones and one for smart TVs. The new partnerships are expected to further increase Mi India s manufacturing capacity in India. ....

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Is contract manufacturing the future for EV startups?


This week s announcement from EV startup Fisker it had inked a deal with Taiwan s Hon Hai Technology Group, better known as consumer electronics contract manufacturer Foxconn, to co-develop and build a breakthrough new segment vehicle  reflects a new approach from EV startups - contract rather than in-house build.
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Xiaomi ramps up local manufacturing of smartphones, smart TVs: Details here


Hit by supply chain disruptions during the global pandemic, Chinese smartphone maker Xiaomi on Thursday said it has hired two new smartphone manufacturing partners, BYD and DBG in India to set up factories in the country, thereby pushing its Make in India drive to the next level.
The DBG manufacturing facility is already operational in Haryana and the BYD facility in Tamil Nadu will be completed within the first half of this year, said Manu Kumar Jain, Managing Director, Xiaomi India.
Xiaomi already has three manufacturing plants in India in partnership with Foxconn and Flex spread across Tamil Nadu and Andhra Pradesh. ....

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iPhone maker Foxconn developing electric car with Fisker


The iPhone maker will produce more than 250,000 vehicles for Fisker each year starting in 2023. 
It s the latest of multiple deals Foxconn has made recently in the automotive space. 
Electric-car maker Fisker said it will work with Apple supplier Foxconn to produce more than 250,000 vehicles a year beginning in late 2023, sending its shares up 18%.
The deal, codenamed Project PEAR (Personal Electric Automotive Revolution), is looking at markets globally, including North America, Europe, China and India, Fisker said.
Foxconn, Apple s main iPhone maker, has ramped up its interest in electric vehicles over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Stellantis NV s Fiat Chrysler unit. ....

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Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round led by Taiwan Manufacturing Giant Foxconn


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DJ Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round led by Taiwan Manufacturing Giant Foxconn
GyroGear Ltd.
Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round led by Taiwan Manufacturing Giant Foxconn
25-Feb-2021 / 15:25 GMT/BST
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Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round
led by Taiwan Manufacturing Giant Foxconn
SINGAPORE - Media OutReach - 25 February 2021 - UK-based neuromuscular medical device company, GyroGear Ltd has just
concluded phase one of its seed round fundraise. This round was led by Foxconn Technology Group, the world s largest
and foremost electronics manufacturer. Foxconn has invested GBP1 million (USUSD1.41 million) upfront. Participants in ....

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