Hon Hai to launch EV investment in Indonesia in Q3Staff writer, with CNAHon Hai Precision Industry Co (鴻海精密) in the third quarter this year is to launch an investment to make electric vehicles (EV) and batteries in Indonesia, officials said. Hon Hai Precision Industry Co chairman Young Liu reacts during a news conference in Taipei on March 16 last year. Beyond cooperation on EV development, the project is also aimed at forging a battery supply chain in Indonesia that could help support a sustainable energy ecosystem, Hon Hai said. On Thursday, Hon Hai reported total consolidated sales of NT$445.75 billion (US$16 billion) for last month, its second-highest figure for January. However, the server segment performed better last month than in December, Hon Hai said.

Source: Taipei Times February 12, 2022 03:54 UTC