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Foxconn unveils plans to build battery factories in Taiwan

March 5, 2022
Source: honestcolumnist.com honestcolumnist.com
News Snapshot:
In brief: The world’s largest contract manufacturer of consumer electronics wants to be a key player on the EV market by 2025. Foxconn’s latest move in that direction is to set up several facilities in Taiwan where it will produce battery cells and build electric buses. Foxconn today [announced](//asia.nikkei.com/Spotlight/Supply-Chain/Foxconn-to-build-first-battery-plants-for-EVs-in-southern-Taiwan) plans to manufacture batteries in the near future as part of its strategy to become the Android of the EV industry. Apple’s largest supplier says it wants to build new facilities in Taiwan where it will make battery cells, battery packs, and grid energy storage systems. As governments around the world...
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Tags: America | Android | boycott | car | Chinese | electric vehicle | Europe | export | Exports | factory | finance | Foxconn | Gadgets & Electronics | India | joint venture | manufacturer | manufacturing | Mexico | revenue | Software | supplier | Taiwan | Tesla | United States | USA

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