Foxconn looks to expand nascent EV business

Journalists take photos of Foxconn's newly launched platform for electric vehicles at a company event in Taipei on Friday. (YILEI SUN\/ REUTERS/REUTERS)

By:

DEBBY WU

By:

Bloomberg

October 16, 2020 11:05 AM

Hon Hai Precision Industry Co., also known as Foxconn Technology Group, unveiled plans to expand its nascent automotive business as the Taiwanese electronics giant seeks to offset slowing growth in its core consumer electronics assembly business.

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