This post was originally published on this site
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.
Foxconn, a major Apple Inc (NASDAQ:AAPL) supplier and iPhone assembler, has big ambitions in the EV market as it seeks to diversify its revenue base.
($1 = 30.3930 Taiwan dollars)
