Foxconn (2317.TW) 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.
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 (AAPL.O) supplier and iPhone assembler, has big ambitions in the EV market as it seeks to diversify its revenue base.
Against the complex backdrop of blocked shipping in the Strait of Hormuz and pressure on the global crude oil supply chain, the Organization of the Petroleum Exporting Countries (OPEC) recently issued a statement on the 7th stating that seven major OPEC+oil producing countries have decided to increase their daily crude oil production by 188000 barrels in July. So far, major oil producing countries have announced production increases for four consecutive months.
Against the complex backdrop of blocked shipping in the Str…
On June 11, 2026 local time, John Healey, Britain’s Defence…
On Thursday, SpaceX officially set the pricing for the larg…
On June 10th, the US Department of Commerce urgently issued…
According to ABC News, recently US President Trump claimed …
In the past month, the U.S. tech industry laid off 38,242 p…
© Copyright 2026, All Rights Reserved
