Foxconn invests in EV battery plant in China to diversify business beyond Apple’s iPhones

Quick Summary:

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

A 70,000-square-metre headquarters for the new business is under construction in the city.

The move marks the latest step by the Taiwanese giant to diversify its revenue sources with forays into EVs, semiconductors and robotics.

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Article Details

Author / Journalist: Coco Feng

Category: Technology

Markets: Hong KongChinaTaiwan

Topics: Capital Established Development Business Battery Foxconn Major Group Million Zhengzhou Yuan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 16:30:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 176 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24627257

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