Foxconn plans $800 million investment in southern Taiwan

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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 (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)