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Foxconn electric vehicle alliance plans boxy three-seater
POWER & RENEWABLE ENERGY

Foxconn electric vehicle alliance plans boxy three-seater

MIH, a Foxconn-led electric vehicle consortium, has announced plans for its first car, a boxy single-row three-seater that it hopes will appeal to Asian one-child families. Foxconn has increased its investment in EVs and semiconductors in recent years, signing agreements with US startup Fisker Inc and Indian conglomerate Vedanta. MIH Consortium plans to build its first car, Project X, in 2023 and begin mass production the following year, based on strong demand in Asian markets for smaller electric vehicles. No customers have been confirmed. Foxconn announced a deal to take a near-20% stake in loss-making U.S. electric truck maker Lordstown Motors Corp for up to $170 million shortly before the MIH event began.

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MIH, a Foxconn-led electric vehicle consortium, has announced plans for its first car, a boxy single-row three-seater that it hopes will appeal to Asian one-child families. Foxconn has increased its investment in EVs and semiconductors in recent years, signing agreements with US startup Fisker Inc and Indian conglomerate Vedanta. MIH Consortium plans to build its first car, Project X, in 2023 and begin mass production the following year, based on strong demand in Asian markets for smaller electric vehicles. No customers have been confirmed. Foxconn announced a deal to take a near-20% stake in loss-making U.S. electric truck maker Lordstown Motors Corp for up to $170 million shortly before the MIH event began. Also Read Manitou showcases record range of new products at Bauma 64-km metro line being proposed for Chandigarh to reduce traffic

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Technology

Six ways a smarter workflow leads to faster, more accurate bids

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Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

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Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

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