iPhone manufacturer Foxconn might save Chinese EV startup Byton with a $200M investment

One of Apple‘s main component suppliers is reportedly in talks to buy a financially beleaguered electric vehicle (EV) maker. According to a Bloomberg News report which cites “people familiar with the matter,” Foxconn Technology Group is in discussions to invest $200 million into Chinese EV startup Byton Ltd. [Read: The Kalashnikov CV-1 was meant to kill Tesla and impress Putin — but where is it?] The funding injection would allegedly help Byton begin manufacture of its M-Byte electric car by the first quarter of 2022. Although that information is not confirmed, and sources have not been named. Byton is one…

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