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The project is anticipated to add sixty five jobs in Tillsonburg and another 35 at a THK plant in St. Catharines, Ont. The company stated the vegetation will supply steering and linkage components for upcoming tasks at Toyota and Ford.
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The Apple car can be the ultimate prize for each aspiring EV manufacturer. Working in Foxconn’s favor is its sturdy relationship with the U.S. consumer-electronics large. The years-lengthy partnership has expanded as Apple has added product categories, and the corporate now accounts for about 50 percent of Foxconn’s annual sales. Foxconn is among the many technology corporations targeting EVs as a supply of growth beyond low-margin electronics assembly.