KAOHSIUNG,Taiwan, Aug 8 (Bernama-BUSINESS WIRE) — The global sales of electric vehicles (EV) are growing exponentially. To forge Kaohsiung an important base for the global EV industry, the Kaohsiung City Government teamed up with Hon Hai Technology Group (Foxconn) to work on several aspects such as smart electric buses and smart city development, with an aim of becoming an experimental field that offers comprehensive business and service model to attract global manufacturers to invest in Kaohsiung and establish a complete industry chain for the EV industry.
Seeing the firm foundation in metal material and precision finishing technologies in Kaohsiung, Foxconn plans to build an EV ecosystem and a complete battery production chain in the southern city as part of its ambition to expand into the EV industry, ranging from the development of EVs to the production of battery packs and cells, and energy storage systems. It also aims to localize battery manufacturing across all points of the supply chain, from upstream raw materials to midstream cells and the downstream battery packs. In addition, Kaohsiung has also attracted investments from companies such as WIN Semiconductors Corp., the world’s leading foundry for power amplifiers and LiDAR technology for EVs, and lithium battery manufacturer Molie Quantum Energy Corp, laying the groundwork for the EV industry chain.
