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Taiwan media: Foxconn signs strategic cooperation agreement with Bayer motor to push forward mass production in the first quarter of next year

via:CnBeta     time:2021/1/5 1:11:38     readed:78

Hon Hai Technology Group said that its Foxconn Technology Group signed a strategic cooperation framework agreement with Bayern motors and Nanjing Economic and Technological Development Zone to accelerate the mass production of Bayern's first model m-byte and strive to achieve mass production of m-byte in the first quarter of 2022.Earlier in the day, according to a report by the Peng Bo news agency, Foxconn plans to invest 200 million US dollars in the new power of car making, which has fallen into a standstill before. If the investment is reached, the money will become the life-saving money of the car.

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However, Taiwan Economic Daily pointed out in the report that the scope of the cooperation agreement signed by the two sides is limited to business cooperation, and there is no direct investment relationship so far, that is, there is no investment of US $200 million. Liu Yangwei, chairman of Hon Hai Technology Group, said that the cooperation with Bayern is an important part of Hon Hai's layout of electric vehicle field, and Hon Hai will try its best to help Bayern m-byte mass production as soon as possible and get on the stage of electric vehicle in the world.

According to Taiwan Economic Daily, Hon Hai Technology Group will provide manufacturing technology, operation and management experience and industrial chain resources to be applied to the operation and management of the original Bayern car factory. In addition, Hon Hai's technology cooperation can also drive the development of electric vehicle components. It took only two months for the two sides to contact and sign the contract.

Baiteng automobile, formerly known as FMC, was founded by Dai Lei, the former general manager of Dongfeng Infiniti Automobile Co., Ltd. in 2016. It is one of the earliest new car building forces. M-byte, the first mass production model of Bayern motor, appeared at the US consumer electronics show in 2019. Daley once said in an interview in November 2019 that the model will be officially put into mass production in mid-2020. However, after burning up 8.4 billion yuan of financing, the m-byte model has not yet been delivered in mass production.

On June 30 last year, Bayer Motor announced that all companies in mainland China will stop production from July 1, 2020, leaving only a small number of employees on duty. The shutdown period is expected to be six months.

Six months after the shutdown, the employees of bytecum did not receive the notice of resumption of production, but the notice of continuing to suspend production.

Surging news learned from employees of byton automobile that on December 31 last year, byton automobile issued the notice of suspension of production in China by e-mail. According to the email, after six months of shutdown, all companies in China (excluding Hong Kong) (hereinafter referred to as "the company") still do not have the conditions to resume work and production. After research, it is decided that the shutdown period will be extended for six months from January 1, 2021 to June 30, 2021.

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It is said that Foxconn and Baiteng discuss financing issues: mass production of m-byte is planned in the first quarter of next year

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