![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2022/10/foxconn-unveils-2-new-evs-the-apple-iphone-maker-is-pushing-into-the-car-business.jpg?w=640&ssl=1)
Not all car companies want to build their own vehicles anymore. The reason is that they don’t have to.
Tuesday, the contract manufacturer Hon Hai Precision Industry (Taiwan), an Apple (ticker: AAPL) iPhone assembler better known as Foxconn unveiled two prototype electric vehicles at its third annual technology day. Foxconn doesn’t necessarily want to develop and sell the vehicles itself; it wants to show off its prowess developing cars for others to sell.
Source: finance.yahoo.com
Related posts:
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as ...
Why interest rates may never fall back to the lows of the past 15 years
Too Cheap to Ignore: 2 Dividend Stocks Under $10 With at Least 11% Dividend Yield — Analysts Say ‘Bu...
3 Low-Priced REITs With High Yields That Are On Fire
As Cathie Wood’s funds struggle, head of anti-Ark ETF says he’s surprised his fund—up 8% in December...