Foxconn said in January that the Apple assembler and the Nanjing Economic and Technological Development Zone had agreed to start building electric SUVs in 2022 for Byton.
“The project is not officially terminated yet, but it is very challenging to proceed at this moment,” one of the sources told Nikkei Asia.
A few Foxconn employees are still stationed at Byton’s factory, another source said, but “they are wrapping things up and preparing for the end when it becomes necessary.”
Foxconn’s plans to build factories in the U.S. and Thailand to assemble entire vehicles in 2023 are intact, according to Nikkei.
Some higher-level talent involved in the project has even left Foxconn, the report added.
Foxconn declined to comment, while Byton did not immediately respond to a request for comment.