Foxconn Throws Ice On Byton EV Car Project Due To Financial Instability

Apple supplier Foxconn's electric vehicle project with Byton has been put on hold due to the Chinese startup's worsening financial situation, the Nikkei newspaper reported on Wednesday, citing unidentified sources with knowledge of the matter.

"The project is not officially terminated yet, but it is very challenging to proceed at this moment," one of the sources told Nikkei Asia.