The Business Times

Foxconn plans US$800 million investment in southern Taiwan

    • Workers assembling an truck at Foxconn's production facility in Lordstown, Ohio, US; the company has big ambitions in the EV market as it seeks to diversify its revenue base.
    • Workers assembling an truck at Foxconn's production facility in Lordstown, Ohio, US; the company has big ambitions in the EV market as it seeks to diversify its revenue base. PHOTO: REUTERS
    Published Sun, Apr 9, 2023 · 03:43 PM

    FOXCONN is planning to invest NT$25 billion (S$1 billion) in the next three years in new manufacturing facilities in southern Taiwan to support its electric vehicle (EV) ambitions, the company said on Sunday (Apr 9).

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

    Foxconn, a major Apple Inc supplier and iPhone assembler, has big ambitions in the EV market as it seeks to diversify its revenue base. REUTERS

    FoxconnTaiwan

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More