Chinese bike-sharing Mobike is starting the New Year with good news. Just three weeks after receiving 215 million USD fresh funding, the startup announced a strategic partnership with Foxconn, the Taiwanese manufacturing giant behind Apple’s iPhone and numerous other major electronics devices.
As part of this deal, Foxconn has also become a strategic investor in Mobike. The details of the deal, however, were not disclosed.
Partnership with iPhone maker will be a strong boost for Mobike’s hardware business in terms of smart bike production, distribution, as well as enhancing its design and user experiences. A company statement disclosed that the tie-up would boost the annual production capacity for Mobike’s proprietary smart bikes to 10 million, up 5.6 million units annually.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.