On November 20, it was reported that SoftBank plans to invest up to USD 3 billion to convert the former Foxconn EV Ohio plant, and GM assembly plant before that, in Lordstown, Ohio, to produce equipment for OpenAI’s forthcoming data centers. Softbank purchased the site for USD 375 million in August from Foxconn, posi
Reported on November 19, 2025, PTT PLC is considering selling its entire stake in Horizon Plus Co., Ltd., an EV joint venture with Hon Hai Precision Industry Co., Ltd. (Foxconn), to Foxconn.
This move is part of PTT’s plan to improve its cash flow and prepare for a sluggish Thai and global economy in 2026. The compan
On October 30, Mr. Mototaka Taneya, Senior Managing Executive Officer and CTO of Sharp Corporation (Sharp), took the stage at a press briefing at the Japan Mobility Show 2025 (Press days: October 29-30, Public days: October 31-November 9) held at Tokyo Big Sight to unveil the second electric vehicle (EV) concept mode
On October 28, Stellantis announced a new partnership with NVIDIA, Uber, and Foxconn to jointly develop and deploy Level 4 (fully driverless) autonomous vehicles for global robotaxi services. The move builds on Stellantis’ recent agreement with Pony.ai to test self-driving vehicles in Europe and marks another step in
On September 16, Foxconn Interconnect Technology, a subsidiary of Hon Hai Technology Group, announced that its Saudi joint venture Smart Mobility has already completed three SASO (Saudi Standards, Metrology and Quality Organization) product certifications.
It is preparing for the groundbreaking of a new factory at th
On September 2, FIH, a subsidiary of Hon Hai Technology Group (Foxconn), announced that it will unveil its latest automotive electronics solutions at IAA Mobility 2025.
FIH is showcasing its evolved HPC (High-Performance Computing) flagship product. The product integrates In-Vehicle Infotainment (IVI) and ADAS, toget
On August 14, Hon Hai Technology Group (Foxconn) officials answered questions at an Investors Call that shed light on the company’s plans for EV sales and eventual production in the U.S. market.
Foxconn recently sold its Lordstown, Ohio, plant, formerly planned as an EV production site, to Softbank “for greater finan
Foxconn, in partnership with Japanese-owned SoftBank, will be building AI data center equipment within the former Lordstown GM Assembly plant. The work will ultimately be part of the Stargate project to build up to 16 artificial intelligence data centers across the U.S.
Foxconn had announced on August 4 that it was s
On August 22, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hon Hai Technology Group (“Foxconn”) have signed a memorandum of understanding to explore strategic collaboration in zero emission buses.
As part of the collaboration to strengthen the FUSO bus business, the two companies via their subsidiaries – Mit
Hon Hai Technology Group (Foxconn) showcased a production model of its North American variant MODEL C SUV at Taiwan Expo USA in Dallas, Texas, from August 14 through August 16, 2025. The Taiwan Expo USA was the first time that Foxconn displayed the vehicle in the U.S.
The North American variant of the MODEL C has a n
On August 4, Taiwan's Foxconn announced it had struck a deal to sell the former GM production plant in Lordstown, Ohio, for USD 375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities.
Foxconn will sell the site’s land
On July 6, Nissan released a statement denying Nikkei’s report that the company is in talks with Hon Hai Precision Industry Co., Ltd. (Foxconn) for collaboration on EV production at the Oppama plant, reported to be under consideration of shutdown.
Nissan, in its statement, clarified that the report was not based on a
On June 25, Foxtron Vehicle Technologies Co., Ltd. (Foxtron), a joint venture between Foxconn and Yulon Group, held a Q1 2025 explanation session to announce that its Model B battery electric SUV has been approved for sale by the government, with launch expected in Q4.
The Model B is a B-class battery electric model
Continental's wholly-owned subsidiary Elektrobit Automotive GmbH (Elektrobit) has signed a joint development agreement with Hon Hai Technology Group (Foxconn) to co-develop EV.OS, a flexible and AI-centric software platform designed to accelerate the shift towards software-defined electric vehicles (SDVs).
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