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Foxconn Breaks Ground On Massive EV Headquarters

  • Foxconn, the major assembler of Apple products, has begun construction of a global headquarters for its New Business Development Group in Zhengzhou, China.
  • The facility will focus on areas such as electric vehicles (EVs), energy storage, and emerging industries.
  • The company plans to spend 1 billion yuan to build the headquarters, which will span 70,000 square meters.
  • Foxconn aims to become a significant player in the EV industry, regionalizing production and capturing about 5% of the global EV market.

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