Taiwan-based Foxconn will launch an $8 billion investment in Indonesia in the third quarter of this year to manufacture electric vehicles (EVs) and batteries, an Indonesian minister said on Wednesday.
The firm last month said it would partner with Indonesia’s investment ministry and other companies for a wide scope of investment on EVs, including battery manufacturing. read more
Foxconn has expanded EV activities in recent years, announcing deals with U.S. startup Fisker Inc and Thai energy group PTT.
Read more: Reuters
