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

by Willard Bidmead (2021-04-21)

TAIPEI, Feb 25 (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, ipad parts announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Stellantis NV's Fiat Chrysler unit.

5NJCdGfXC1K2y5CY.jpg(Reporting by Yimou Lee; Editing by Jacqueline Wong)