Hon Hai spends more than 1 billion yuan to raise capital to expand the layout of electric vehicles | Anue tycoon-Taiwan stock news

I have you (2317-TW) announced today (24) that its subsidiary Foxconn EV Technology has invested US$33 million, approximatelyNew Taiwan dollar 1.02 billion yuan, obtained equity of Foxconn EV System for reinvestment, and continued to expand the group’s electric vehicle layout.

Foxconn EV Technology invested a total of $41.932 million in Foxconn EV System from January 25 to May 30. After this capital increase, Foxconn EV Technology owns Foxconn EV System in the amount of $74.932 million, with a 100% ownership ratio.

It is understood that Foxconn EV Technology Inc. is the main subsidiary of the Hon Hai plant in Ohio, which will begin mass production of Lordstown’s Endurance electric pickup truck in the second half of the year, and gradually import INDI EV prototypes and agricultural vehicles electrics from Monarch There are new Fisker models and more.

Hon Hai Chairman Liu Yangwei stressed at the latest legal conference that next year will be a very critical year for Hon Hai’s electric vehicle business, and there is still a potential electric vehicle customer from a traditional car factory which may be about to land.