IPhone Maker Hon Hai Says EV Business Will Need Years to Ramp Up [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
Most Read from Bloomberg The world's biggest iPhone assembler is proceeding cautiously with its EV push as it sees a highly uncertain business environment where “a fast move may be dangerous,” the head of its EV business Jun Seki said in an interview with Bloomberg TV ahead of a two-day event showcasing emerging tech and products. “We want to be very smart investment wise, development wise.” Seki, a Nissan Motor Co. veteran who was appointed Hon Hai's EV strategy chief in 2023, will be one of several key executives showcasing the firm's latest tech on Tuesday, including a couple of new vehicle models and a $3 million Nvidia AI chip server. On EVs, he said it will probably take about another five years for the company to fully utilize its production lines at an Ohio facility it acquired from Lordstown Motors Corp. in 2022. The company's main EV campus in the US, the Ohio plant will be able to build 350,000 vehicles per year. Still, Seki reaffirmed Hon Hai's goal of securing 5% o
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