Hon Hai’s EV venture with Byton on hold: reportReutersHon Hai Precision Industry Co’s (鴻海精密) electric vehicle (EV) project with Byton Ltd (拜騰) has been put on hold due to the Chinese start-up’s worsening financial situation, the Nikkei Asia reported yesterday, citing unidentified sources with knowledge of the matter. An chassis of Hon Hai Precision Industry Co’s MIH Open Platform electric vehicle project is pictured in Taipei on Feb. 7. Some higher-level personnel involved in the project has even left Hon Hai, the report added. Hon Hai declined to comment, while Byton did not immediately respond to a request for comment. Hon Hai said that the EV joint venture’s production site might be built in the Eastern Economic Corridor special development zone in Thailand.

Source: Taipei Times September 15, 2021 15:56 UTC