$RIDE Separately from the battery plant announcements, iPhone maker Foxconn, which is preparing to produce EVs, on Monday said it plans to produce electric cars and buses for auto brands in China, North America, Europe and other markets. The Taiwanese company last month announced it will purchase an Ohio factory from embattled EV start-up Lordstown Motors for production of a vehicle for the company as well as EV start-up Fisker. “This is the wave of the future,” Lewis said. “This is a modernization of our auto industry.” https://www.cnbc.com/2021/10/19/automakers-are-spending-billions-to-produce-battery-cells-for-evs-in-the-us.html