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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ3801C_L.jpgThe 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)