[Luxshare building massive iPhone plant in China to compete with Taiwan’s Foxconn] Luxshare Precision Industry is constructing an immense iPhone manufacturing complex in eastern China to challenge Taiwanese manufacturers Foxconn and Pegatron. According to Nikkei, Luxshare is building a 285,000-square-metre manufacturing complex in Kunshan, Jiangsu Province with a $1.72 billion (NT$47.8 billion) investment. The move signals Apple’s growing reliance on Chinese suppliers, the outlet said. The Chinese manufacturer has also leased and remodelled a neighbouring plant that was previously owned by iPad assembler Compal Electronics. Luxshare is expected to finish the initial phase of the new facility in mid-2022, according…