Apple supplier Foxconn plans to invest $200M in Chinese EV startup: Report

Apple supplier Foxconn is in talks to invest around $200 million in Chinese electric-vehicle startup Byton, Bloomberg reported. Foxconn and Byton aim to start mass production of the Byton M-Byte by the first quarter of 2022. Foxconn is also talking to other Chinese electric-car makers on potential collaborations.