Hon Hai increases investment in Foxconn New Energy Battery Company in Zhengzhou, Henan

Hon Hai (Foxconn) announced on December 23 that it will increase its investment by RMB 600 million in Foxconn New Energy Battery Company in Zhengzhou, Henan. Hon Hai said that this is for long-term investment, and it will inject capital into Foxconn New Business Development Group through its subsidiary Zhengzhou Honfujin Precision Electronics, and then the group will invest in Zhengzhou Foxconn New Energy Battery. This investment will be carried out in stages, with an initial investment of RMB 350 million.