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Top related persons:
Jack Cheng - 2 Christine Tan - 1 YCH - 1 CNBC's Christine Tan - 1 Robert Yap - 1 Ann Wang - 1 MIH - 1 Cheng - 1
Top related locs:
NTT APAC Bangkok Taipei Taiwan TAIPEI India Thailand Southeast Asia
Top related orgs:
YCH - 2 MIH Consortium - 2 NTT - 1 Bangkok Dusit Medical Services - 1 Foxconn's - 1 REUTERS - 1 EV - 1 PTT - 1

Search resuls for: "MIH"


9 mentions found


☆ Does profitability and sustainability go hand-in-hand?
  + stars: | 2023-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoes profitability and sustainability go hand-in-hand? CNBC's Christine Tan speaks with industry leaders from NTT APAC, Bangkok Dusit Medical Services, YCH Group, and MIH Consortium, to find out if sustainability goes hand-in-hand with sustainability.
Persons: Christine Tan Organizations: NTT, Bangkok Dusit Medical Services, YCH, MIH Consortium Locations: NTT APAC, Bangkok
☆ Look for opportunities, says YCH Group's chairman
  + stars: | 2023-10-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook for opportunities, says YCH Group's chairmanCNBC's Christine Tan speaks with Jack Cheng, CEO of MIH Consortium, a Foxconn initiative, and Robert Yap, chairman of YCH Group, about the geopolitical risks and opportunities that are there for their businesses.
Persons: YCH, CNBC's Christine Tan, Jack Cheng, Robert Yap Organizations: MIH Consortium, YCH
☆ Exclusive: Foxconn EV venture targets India, Thailand for new small car
  + stars: | 2023-08-01 | by ( Sarah Wu | ) www.reuters.com   time to read: +4 min
[1/3] Mobility in Harmony (MIH) Chief Executive Officer Jack Cheng speaks at an interview with Reuters at the headquarters of Foxconn's EV platform unit in Taipei, Taiwan July 27, 2023. India and Thailand are likely contenders for production sites, he said, adding that he expected India to be crucial to MIH's longer-term growth. "I'm building another Shanghai, probably in India," Cheng said. "If this is a Foxconn plant, fantastic, it's the mother company, we put it into the Foxconn plant. If this is a local India plant and it's even more competitive, give it to the India plant."
Persons: Jack Cheng, Ann Wang, MIH, Cheng, Foxconn, Sarah Wu, Kevin Krolicki, Jamie Freed Organizations: Reuters, Foxconn's, REUTERS, EV, PTT, NIO, HK, Foxconn, Thomson Locations: Taipei, Taiwan, TAIPEI, India, Thailand, Southeast Asia, EVs, China, Shanghai
☆ Bankrupt crypto firm FTX to sell LedgerX for $50 million
  + stars: | 2023-04-25 | by ( ) www.reuters.com   time to read: +2 min
April 25 (Reuters) - FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. Since filing for bankruptcy in November, FTX has recovered over $7.3 billion in cash and liquid crypto assets, the company reported earlier this month. It continues to sell assets as part of that effort, recently agreeing to sell its stake in Web3 startup Mysten Labs for $95 million. The buyer, Miami International Holdings, owns the Bermuda Stock Exchange and several U.S.-registered securities exchanges, including the Miami International Securities Exchange. FTX may consider restarting or selling its crypto exchange as part of that process.
☆ Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot
  + stars: | 2023-03-06 | by ( John Rosevear | ) www.cnbc.com   time to read: +2 min
Lordstown Motors said Monday that it still had over $220 million in cash at the end of 2022, despite ongoing challenges that halted production of its Endurance electric pickup after just six were delivered. Lordstown began deliveries of its first EV, the Endurance pickup truck, in November. Through the end of February, it had built about 40 trucks and delivered six to customers. As of Dec. 31, Lordstown had $221.7 million in cash and short-term investments on hand. Lordstown delivered three Endurance pickups to customers during the fourth quarter.
☆ Analysis: Foxconn races to become an EV player and the clock is ticking
  + stars: | 2023-03-06 | by ( Sarah Wu Ben Klayman | Sarah Wu | Ben Klayman | ) www.reuters.com   time to read: +6 min
For now, by building in Ohio, Foxconn can offer customers access to U.S. federal incentives under the Inflation Reduction Act, Daiwa Capital Markets analyst Kylie Huang said. That's a selling point as traditional automakers juggle building gasoline-powered vehicles with plans to build their own EV capacity. "If they don't get one this year, next year will be more difficult," Huang said of Foxconn's search for an EV contract with a traditional automaker. "Sooner or later, maybe the top, traditional (automakers) say, 'Hey, I want to become a product marketing company. Foxconn wants to build around 300,000 EVs at the plant, Ian Upton, director of production control at Foxconn Ohio, told Reuters.
☆ Foxconn electric vehicle alliance plans boxy three-seater
  + stars: | 2022-11-08 | by ( Sarah Wu | ) www.reuters.com   time to read: +2 min
TAIPEI, Nov 8 (Reuters) - Foxconn-led (2317.TW) electric vehicle consortium MIH announced plans on Tuesday for its first car, a boxy single row three-seater which it hopes will be popular with one-child families in Asia. Betting on strong demand in Asian markets for smaller electric cars, MIH Consortium plans to build its first car, which it calls Project X, in 2023 and start mass production the following year, though no customers have been confirmed, the company said. "Build your own vehicle with Project X," Cheng said, referring to the car's modular design. MIH is eyeing not only Taiwan, but also India, Thailand, Indonesia and Japan as prospective markets for the three-seater. "The American market tends towards large cars," Cheng told reporters, adding that this model would suit a single-child family.
☆ Foxconn ramps up EV push with stake in U.S. truck maker Lordstown
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Carlos Garcia Rawlins/File PhotoNov 8 (Reuters) - Foxconn, the world's biggest contract electronics maker, has extended its drive into electric vehicle (EV) business with a deal to take a near-20% stake in loss-making U.S. electric truck maker Lordstown Motors Corp (RIDE.O) for up to $170 million. It said on Tuesday the latest deal would deepen Lordstown's ties with Foxconn's EV development platform MIH, or Mobility in Harmony. Lordstown Chief Executive Officer Edward Hightower, speaking via video at an MIH event in Taipei, said the truck maker and Foxconn were eyeing production for other original equipment manufacturers, or OEMs, as well. Foxconn shares traded up 0.5% on Tuesday. Lordstown CEO Hightower said the vehicle maker aims to deliver the first Endurance trucks to customers in the current quarter.
☆ IPhone maker Foxconn reveals its electric car future
  + stars: | 2022-10-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +4 min
Lordstown Motors sold the factory to Foxconn earlier this year while Foxconn, in turn, agreed to build Lordstown’s electric pickup, the Endurance, there. Another California-based startup, Indi EV, has also agreed to have Foxconn build its car, the Indi One, there. Aside from road-going automobiles, Foxconn has also agreed to build an electric farm tractor, the Monarch MK-V, at the factory. Luxgen’s parent company, Yulon Group, and Foxconn created a joint venture called Foxtron in 2021 to develop and manufacture electric vehicles. Various Foxconn companies are part of an large industry group called the MIH, or Mobility in Harmony, consortium, which is jointly developing the basic electric vehicle engineering platform that underlies Foxconn’s electric vehicles.
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