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The Latest Breaking News from Foxconn

Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Fortune

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

InsideEVs

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Warning over iPhone delays as China faces Covid lockdown

Customers who have bought an iPhone 14 Pro or an iPhone 14 Pro Max will likely have to wait a little longer for their order.

Daily Record

Warning over delay in iPhones after surge in Covid

“We now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated”

Wales Online

Apple says iPhone supplies hurt by anti-virus curbs in China

Apple Inc. is warning customers they'll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor’s factory in central China

The Independent UK

Apple warns iPhone shipments will be delayed due to Covid restrictions at Foxconn plant

Tech company says customers will experience longer wait times as the plant in China is operating at reduced capacity

The Guardian - AU

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Rumours of zero-Covid easing spread in China amid anger at restrictions

Despite relatively low case numbers, there are reportedly about 200 lockdowns across the country

The Guardian - AU

Auto review: The Lordstown Endurance marches to the beat of a different hub motor

ANN ARBOR, Mich. — Electric trucks these days are supercar wannabes. Go zero-60 mph in the GMC Hummer EV in three seconds! The Rivian R1T has neck-snapping torque! The Ford Lightning is quicker to 60 mph than a Ford Raptor! And so on.

Tribune News Service

Crown Prince Launches Ceer, the 1st Saudi Electric Vehicle Brand

Crown Prince Mohammed bin Salman bin Abdulaziz launched on Thursday Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The Crown Prince is also the Saudi Prime Minister and Chairman of the Public Investment Fund (PIF). “Saudi Arabia is not just building a…

Asharq Al-Awsat

China locks down area around world’s biggest iPhone factory amid Covid outbreak

Closure comes ahead of busy Christmas and Lunar New Year period for Apple

Evening Standard

Supply fears as China lockdown hits world’s largest iPhone factory

Foxconn plant in Zhengzhou, which which many workers have fled, now under seven-day Covid lockdown

The Guardian - UK

China closes zone around iPhone factory after virus cases

Access to an industrial zone in the central Chinese city of Zhengzhou has been suspended after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks

The Independent UK

China Imposes Covid Lockdown on Area Around iPhone Factory

Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory belonging to Foxconn after workers fled the facility to avoid a virus outbreak and the resulting restrictions. All people except Covid-prevention volunteers and essential workers "must not leave their residences except to receive Covid tests and…

Asharq Al-Awsat

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Reuters

China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier as it scrambles to quell worker discontent at the base.

Daily Mirror

Workers flee from iPhone plant fearing Covid outbreak as factory is locked down

A worker has said that the world’s largest iPhone factory "has put a chill in my heart" after he was forced to escape the compound fearing that he may too be "taken away" if he contracted Covid-19 in Zhengzhou, China

The Guardian - UK

Chinese city accused of ‘performative lockdown lifting’

Residents claim Zhengzhou authorities are trying to avoid scrutiny of Covid lockdown’s severity

Asharq Al-Awsat

China iPhone Factory under Lockdown Boosts Bonuses for Workers Who Stay

The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing…

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Caixin Global

Shanghai Composite Index Rose 2.62% on Tuesday

Shenzhen Component Index closed up 3.24%

Reuters

Shanghai Disney visitors told to stay home after COVID case, Foxconn ups bonuses

Several Shanghai residents received fresh stay-at-home orders and mandatory testing notices on Tuesday as authorities raced to trace contacts linked to a COVID-positive woman whose visit to the city's Disney Resort prompted its temporary lockdown.

Reuters

Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown

Apple supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou plant in central China as it seeks to quell discontent over COVID curbs and retain staff at the giant iPhone manufacturing site.

The Guardian - UK

Visitors trapped in Shanghai’s Disney resort after lockdown announced

Videos appear to show guests rushing to locked gates as strict Covid restrictions return across China

The Independent UK

Workers walk out of iPhone factory, highlighting virus woes

Workers who assemble Apple Inc.’s newest iPhone walked away from a factory in central China following virus outbreaks and complaints of unsafe working conditions, highlighting the clash between the disease’s enduring risks and efforts to restore the global flow of goods

Benzinga

Tesla Explored Minority Stake In Glencore, TuSimple Fires Its CEO Amid Regulatory Scrutiny, Twitter Could Reportedly Lose A Fourth Of Its Employees After Takeover: Top Stories Monday, Oct. 31

Washington Post

Reuters

Fearing COVID, workers flee from Foxconn's vast Chinese iPhone plant

After enduring days of lock-in at Foxconn's vast facility in central China with 200,000 other workers, Yuan finally climbed the fences on Saturday night and escaped the complex, joining others fleeing what they feared was a widening COVID outbreak.

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