donwloadimg

Download App

Log in to access Online Inquiry
avatar
FiveHundredCents
wrote a post10/25/2021 17:33
Follow

Apple Supplier Foxconn Said To Be In Talks With Indonesia For EV Investment

Key $Apple(AAPL.US)$  supplier $HON HAI PRECISION INDUSTRY SPON GDS EACH REP 2 SHS TWD10 REG'S'(HNHPF.US)$  and an Indonesian government agency last week held discussions related to a possible electric vehicle investment in the country, Nikkei Asia reported on Sunday.The investment, if it goes through, would be a huge boost for Indonesia as it looks to diversify itself as a key player in the global electric vehicle supply chain.

Foxconn last week revealed three electric vehicle prototypes that include a sedan, a sports utility vehicle and bus, and said it aims to turn electric vehicles into a $35 billion business in five years.
The Apple supplier had earlier this month confirmed a deal with pre-production electric vehicle startup $Lordstown Motors(RIDE.US)$ to buy its Ohio assembly plant and build electric vehicles there for its partner $Fisker(FSR.US)$
Indonesia is also the largest producer of nickel, a key ingredient used in making electric vehicle batteries.
Moomoo is an app offered by Moomoo Techonologies Inc. that provides information about investments. Moomoo Technologies is not an investment adviser or a broker-dealer and it provides neither investment or financial advice nor securities trading services. All contents such as comments and links posted or shared by users of the community are opinions of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Technologies, its affiliates, or any employees of Moomoo Technologies or its affiliates. You are advised to consult a qualified financial or tax advisor for your personal financial planning and tax situations.
39K Views
Comment
Report
Comment
Sign in to post a comment