Foxconn in Talks With Chinese EV Startup Byton for Funding

Chinese EV Startup Byton Opens New Showroom

Photographer: Qilai Shen/Bloomberg

Apple Inc. supplier Foxconn Technology Group is in talks to invest in embattled Chinese electric-vehicle startup Byton Ltd. in a deal that could mark a large bet by the iPhone assembler on the car-making business, according to people familiar with the matter.

Foxconn, whose main listed arm is Hon Hai Precision Industry Co., plans to invest around $200 million and the companies aim to start mass production of the Byton M-Byte by the first quarter of 2022, one of the people said, declining to be named discussing information that isn’t yet public. An announcement