Foxconn launches battery energy storage business in India

According to a report by the Press Trust of India, Foxconn has confirmed that it will start a battery energy storage business in India. Currently, Foxconn Chairman Liu Yangwei is in talks with relevant Indian departments to explore development opportunities in southern Tamil Nadu and other regions. With the rapid development of the global energy storage battery industry, the market size continues to expand. In 2023, global energy storage battery shipments increased significantly, with Chinese companies dominating the market. As a world-renowned electronic technology intelligent manufacturing service provider, Foxconn has increased its layout in the battery and energy storage fields in recent years, actively seeking new business growth points.