Foxconn is planning to take a position T$25 billion ($820 million) within the subsequent three years in new manufacturing amenities in southern Taiwan to help its electrical automobile (EV) ambitions, the corporate stated on Sunday.
The firm, formally known as Hon Hai Precision Industry Co Ltd, stated the investments in Kaohsiung will embody vegetation for making electrical buses and batteries for EVs.
Foxconn, a significant Apple Inc provider and iPhone assembler, has massive ambitions within the EV market because it seeks to diversify its income base.
Source web site: www.hindustantimes.com
