Hon Hai Precision Industry Co., Ltd. Engages in the design, development and manufacturing of nanotechnology, heat transfer, wireless connectivity and material sciences products. Its products include cables, connectors, and personal computer components. View the latest Hon Hai Precision Industry Co. (2317) stock price, news, historical charts, analyst ratings and financial information from WSJ.
Hon Hai Precision Devices
Hon Hai Precision Industry announced at the weekend that a total of 635 companies have agreed to participate in the development and production of a new “open” electric vehicle (EV) platform, according to local reports.
Drivers Hon Hai Precision Industries
The company, better known as Foxconn, is a major Taiwan electronics manufacturer making the Apple iPhone among a wide range of electronic products.
Hon Hai plans to establish a contract manufacturing business for electric vehicles and last month signed a strategic agreement with China’s Zhejiang Geely Holding Group to produce electric vehicles, components and advanced systems for third party vehicle manufacturers.
The company has brought together a large number of hardware and software companies to establish an effective supply chain for its electric vehicle business. It has been developing an EV platform, called the MIH Open Platform, versions of which will likely be offered to third party customers.
Company chairman Young Liu said participating companies are required to begin supplying products by the end of April 2021.
Source link Google News
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