Foxconn plans $800 mln investment in southern Taiwan

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Foxconn is planning to invest T$25 billion ($820 million) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday.

A man walks out from a Foxtron Model T eBus during an organized media visit to Foxconn's headquarters, in New Taipei City, Taiwan December 22, 2022. REUTERS/Annabelle Chihis planning to invest T$25 billion in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle ambitions, the company said on Sunday.

The company, formally called Hon Hai Precision Industry Co Ltd, said the investments in Kaohsiung will include plants for making electric buses and batteries for EVs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It’s useless. US will block chips transfer to China. US already said that.

boosted economic income

Do they now !! So they got the go ahead from the Chinese government! Possibly going to make weapons for the invading force !!

And then China attacks. Great idea🤔👍😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines