Foxconn invests in new energy vehicles and expands its business in an all-round way!
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Foxconn employs millions of people and has established several manufacturing plants in Shenzhen and Zhengzhou. However, Foxconn did not set its sights on the mainland, but followed in the footsteps of Apple and made a lot of investment in India, which shows that Foxconn's expectations for India are very high.
But soon, he heard the news that Foxconn would no longer relocate. The company will invest 500 million yuan in a plant in China to cover all new energy vehicles.
Foxconn has a presence in India.
With Foxconn's massive investments in Indian states, India looks set to be Foxconn's "second home". For example, Foxconn has provided an additional $12 billion in funding to Karnataka** to build a new production facility in Devanahariya. In addition to the iPhone, Foxconn also plans to make a chip in India.
Foxconn is preparing to set up a chip factory in India, this is Rajiv, the secretary of India's Ministry of Electronics and Information Technology. Chandrasekhar said. Foxconn manufactures iPhones and chips in India, and it seems that Foxconn is determined to leave.
Foxconn's founder, Terry Gou, once said that setting up a factory in the mainland is tantamount to making a wedding dress for the mainland, and if there is danger, you can evacuate immediately.
Therefore, we can see that Foxconn's increasing activities in India seem to be to follow Apple to India to get iPhone orders, but in fact, the Indian market is also very powerful for Foxconn. In other words, even without Apple's orders, Foxconn can still occupy a place in the big cake of India.
India is a populous country and at the same time has a lot of cheap labor. This makes India a great choice for world manufacturing companies looking to cut costs and boost productivity. Foxconn, a world-renowned electronics manufacturing company, was able to use cheap labor from India, reducing their production expenses and enhancing the competitiveness of their products.
Another reason why Foxconn is favored by Foxconn is that when it establishes a factory in India, India will give Foxconn all kinds of help. But there is a piece of news that Foxconn is once again entering the mainland.
Is Foxconn going out of business?
According to the published information, Foxconn New Energy Henan was officially listed, with a registered capital of 500 million yuan, mainly engaged in the production of auto parts and accessories, new energy vehicle sales, motor manufacturing and other businesses.
Obviously, Foxconn has made a big move in Foxconn's plan, do they really want to stay? The company plans to invest 500 million yuan in the construction of an automobile manufacturing plant in China. In fact, Foxconn has been in the automotive industry for a long time, and since 2005, Foxconn has been involved in the automotive market.
It was at this time that Foxconn acquired Antai Electric Company and entered the world
Some time ago, Foxconn increased its investment in the automotive industry, established a new production base, and concentrated all its resources on a large company like Tesla. With the rise of China's new energy vehicle industry, batch after batch of new car companies have emerged one after another, and Foxconn does not know whether it perceives the opportunity, and directly invested 500 million yuan to open a new company.
Now Foxconn, in addition to the production of iPhone, is also involved in semiconductors, automobiles, electronic products and other fields. Although there is a lot of business, whether it is able to cope with different market tests is a problem. If Foxconn insists on leaving, then the void will be filled quickly.
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