Friday, 24 March, 2023

Foxconn to set up EV factory in India by 2024

<p>Foxconn, at a news conference, has announced plans for multiple EV factories across the globe. Chairman Young Liu said that the company wants to have factories in Europe, India, and either North or South America by 2024. Some reports have suggested that the manufacturing giant is already in talks with the state governments of India to decide on the location of the factory. It was also announced that they will be producing EV batteries in newly set up factories in Taiwan.</p>