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Foxconn ‘plans major Li battery investments’ in China

Fri, 07/07/2017 - 11:27 -- News Editor
Foxconn ‘plans major Li battery investments’ in China

Taiwan-based electronics manufacturer Foxconn is reportedly planning to invest a total of CNY25 billion ($3.7 billion) in several projects as part of the development of a new energy battery R&D centre and production base in Kunshan, in China’s Jiangsu Province.

China’s state Xinhua News Agency said CNY8 billion ($1.2 billion) will be invested in the first phase, as agreed in a strategic cooperation agreement the company signed with the Kunshan government.

 

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