Foxconn invests in EV battery plant in China to diversify business beyond Apple’s iPhones
Major Apple supplier Foxconn Technology Group is injecting 600 million yuan (US$82 million) into a new electric-vehicle (EV) battery plant in Zhengzhou, capital of central Chinese province Henan, where it runs the world’s largest iPhone factory. The company, formally known as Hon Hai Precision Industry, on Monday announced its “long-term investment” in Foxconn New Energy … Read more