Apple supplier Foxconn breaks ground on electric vehicle plant in China's Zhengzhou city [Yahoo! Finance]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Yahoo! Finance
vehicle (EV) plant there, as it aims to replicate its success as Apple's top smartphone contractor when it comes to cars and other products. The company, formally known as Hon Hai Precision Industry , on Tuesday held a groundbreaking ceremony for an "trial manufacturing centre" for electric vehicles in Zhengzhou, the capital of Henan province, the provincial government announced on its website. The EV production centre will cater to "well-known domestic and foreign automobile brands", with the goal of building the Zhengzhou Airport Economy Zone, where Foxconn's biggest iPhone factory is based, into a "core production base for Foxconn's new energy vehicle segment", the Taiwanese company said in a social media post on Wednesday. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Employee
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