Taiwan’s Foxconn shares rise more than 4% after EV deal with Fisker

Taiwan’s Foxconn shares rise more than 4% after EV deal with Fisker

TAIPEI (Reuters) – Shares of Taiwan’s Foxconn rose as much as 4.5% on Thursday, after the company said it will work with Fisker Inc to produce more than 250,000 electric vehicles a year beginning in late 2023.

Foxconn, Apple’s main iPhone maker, has ramped up its interest in electric vehicles over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Stellantis NV’s Fiat Chrysler unit.

Reporting by Yimou Lee; Editing by Jacqueline Wong

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