Tag Archives: supplier

Xiaomi Parts Supplier Holitech to Invest $200 Million in India

China’s Xiaomi Corp said on Monday its component supplier Holitech Technology would invest about $200 million in three years in India which is the world’s second-biggest smartphone market. Xiaomi had said in April that it wanted its global smartphone component makers to set up base in India, in what could potentially bring as much as $2.5 billion (roughly Rs. 17,200… Read More »

Apple Finds Supplier Problems as Its Audits Expand

Apple said on Wednesday it had found a higher number of serious violations of its labour and environmental policies for suppliers, such as falsifying work hours data, as it expanded the scope of its annual audit of conditions of workers making its iPhones and other products. But the overall trend among 756 suppliers in 30 countries was toward higher compliance with… Read More »

Tesla explains cancelled order with German supplier SHW

Electric car maker Tesla Motors Inc (TSLA.O) said it cancelled a large order with Germany’s SHW (SW1.DE) because the supplier failed to meet its contractual obligations and Tesla did not want to put the production of its new Model 3 sedan at risk. Tesla boss Elon Musk has warned in the past he would fire suppliers and reorganise… Read More »

French government to sue Carrefour over big supplier discounts

The French government said on Wednesday it was taking retail giant Carrefour (CARR.PA) to court for illegally seeking big discounts from suppliers, following an investigation. The Economy Ministry said it would seek a fine and a court order on the world’s second-biggest retailer to stop what it described as “abusive commercial practices”. It added that the investigation had… Read More »