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China tech

Apple supplier Foxconn's EV project with China's Byton halted

Taiwanese company turns focus elsewhere as Chinese startup hits financial snag

The Byton M-Byte all-electric SUV: The Chinese EV startup had hoped to leverage Foxconn's supply chain expertise to get its production plans on track.   © Reuters

TAIPEI -- Foxconn's electric vehicle collaboration with Chinese startup Byton has been put on hold due to the latter's worsening financial situation, marking a setback for the Taiwanese iPhone assembler's automaking ambitions, Nikkei Asia has learned.

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