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The Latest Breaking News from Foxconn

Volkswagen May Partner With Foxconn To Bring Scout EVs To US

Volkswagen is reviving the Scout brand, and the first copies are expected to by EVs coming in 2026. Now, it looks like VW may lean on Foxconn for the US market.

InsideEVs

China’s COVID chaos may cost Apple billions—and there’s not much Tim Cook can do about it

For Apple, setbacks in iPhone production due to government-mandated lockdowns are the price of doing business in China.

Fortune

How a 'forgotten,' 110-day lockdown sparked China's nationwide COVID protests

A deadly fire in a region locked down since August ignited rare demonstrations of dissent across China.

Fortune

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Amid protests over lockdowns, Goldman Sachs warns that China's COVID-zero exit may be ‘forced and disorderly’

“The central government may soon need to choose between more lockdowns and more COVID outbreaks,” Goldman Sachs wrote on Sunday.

Fortune

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower

Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended.

ABC News

The Weekly Wrap for Saturday, 26 November 2022

A spate of mass shootings absorbed America this week. You've been here before. Too many guns. Too much homophobia and transphobia. Too much polarisation. Too little tolerance. Too sparse opportunities for social mobility.

inkl Originals

Black Friday shoppers set for shortages of new iPhones because of supply issues

Consumers looking for a new iPhone 14 over the Black Friday shopping period may be out of luck, as experts say Apple shortages might last for the rest of the year

Daily Mirror

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China imposes new lockdowns as local Covid cases hit record high

Country reports 31,444 new locally transmitted cases, the highest daily figure since pandemic began

The Guardian - UK

Foxconn apologizes for pay dispute at China factory

The company that assembles Apple Inc.’s iPhones has apologized for what it said was a technical error that led to protests by employees over payment of wages offered to attract them to a factory that is under anti-virus restrictions

The Independent UK

6 million locked down in 'iPhone city'

ZHENGZHOU, China: Authorities have ordered six million people into lockdown in a city where violent protests broke out at an iPhone factory over Covid isolation policies and working conditions.

Bangkok Post

China: ‘Zero Covid’ outlier imposes more lockdowns as coronavirus infections hit record high

More than 6million people in Zhengzhou have been told to stay at home for five days as China sticks to its ‘zero Covid’ strategy

Evening Standard

Apple supplier Foxconn apologises after unrest at Chinese campus

Taiwanese tech giant says ‘technical error’ to blame for pay dispute that saw workers clash with police.

Al Jazeera

Apple supplier Foxconn will pay new hires $1,400 to quit as China's 'iPhone city' enters COVID lockdown

Foxconn is scrambling to respond to lockdowns and unrest at its Zhengzhou, China iPhone factory, where workers and security personnel clashed on Wednesday.

Fortune

China expands lockdowns as COVID-19 cases hit daily record

China is expanding lockdowns, including in a city where factory workers clashed this week with police, as its number of COVID-19 cases hit a daily record

The Independent UK

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Fortune

How bad are the 'iPhone city' riots for Apple stock? Analysts see a 'body blow' for the most valuable company on earth

Hundreds of workers clashed with authorities at Foxconn's iPhone plant in Zhengzhou, China on Wednesday. Analysts warn it could affect already ailing iPhone production.

Evening Standard

Foxconn: Protests break out at world’s largest iPhone factory in China

Foxconn has strict measures for its workers at the factory in Zhengzhou

Asharq Al-Awsat

China Widens COVID Curbs, Apple Factory Unrest Adds to Economy Worries

Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors' worries about the economy just as fresh unrest at the world's largest iPhone factory highlighted the social and financial toll of these curbs. Across China, cities including the capital Beijing and…

Bangkok Post

Protests erupt at largest iPhone factory in China

Large-scale protests broke out at Foxconn's vast iPhone factory in Zhengzhou, central China, images circulating Wednesday on Weibo and Twitter showed.

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The Independent UK

Reports: Employees at Chinese iPhone factory protest

Videos and postings on Chinese social media say employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls

Al Jazeera

China’s COVID cases to smash records as video shows workers rebel

Chinese authorities are introducing new restrictions across the country as infections look set to pass April’s peak.

Reuters

Huge Foxconn iPhone plant in China rocked by fresh worker unrest

Hundreds of workers joined protests at Foxconn's flagship iPhone plant in China, with some men smashing surveillance cameras and windows, footage uploaded on social media showed.

StockNews.com

1 EV Stock You Don't Want to Ride With

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

The Independent UK

Chinese leaders face anger over 2nd child's quarantine death

Chinese authorities are facing more public anger after a second child’s death was blamed on overzealous anti-virus enforcement, adding to frustration at controls that are confining millions of people to their homes and sparked fights with health workers

Fortune

‘Once-in-a-lifetime opportunity’: How a mass lockdown at the world’s biggest iPhone factory is India’s big chance to beat out China as Apple’s favorite supplier

A recent lockdown and mass worker escape from Apple’s top iPhone supplier in China is accelerating the company’s shift to make more smartphones in India.

Benzinga

Amid Uncertainty Over FTX Collapse BlockFi Suspends Withdrawals, Juul Shelves Bankruptcy Preparations, Berkshire Hathaway Trims Holdings In Tesla Competitor: Top Stories Friday, Nov. 11

Reuters

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