Wednesday, March 3, 2021

Failed Partnerships And Vacant Buildings: Foxconn's Wisconsin Commitment Remains At A Standstill

Light shines in to a vacant space on the first floor of Haymarket Landing on Friday, Feb. 26, 2021, in Eau Claire, Wis. Angela Major/WPR

 In late February, Foxconn executives announced plans to begin manufacturing electric vehicles for California-based start-up Fisker Inc.

Both companies said the collaboration will "revolutionize the automotive industry." They compared their work to the scientific discoveries of Isaac Newton. And hinted they could even manufacture the cars here in Wisconsin. 

The partnership announcement is the latest for the Taiwanese mega-manufacturer. It follows a string of high-profile announcements that have been abandoned by Foxconn or that have severely underperformed the company's promises.

There were the coffee kiosks, which promised "a cutting-edge, cloud-based, robotic retail platform" for caffeine sales. There were the ventilators that were going to be produced in Wisconsin to help respond to the COVID-19 pandemic. Both projects ended soon after they were announced. 

With Fisker, Foxconn Technology Group Chairman Young-way Liu says global leaders in innovation are joining forces. But critics who have followed the company are skeptical. 

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1 comment:

TSE said...

Village Idiot and President David DeGoof strikes out again! MRP Taxpayers are gonna get fooked in the azz - HARD! Enjoy your ride - Dummies of MTP!