Foxconn partners with Indonesia in EV development

The Taiwan-based Foxconn said it has partnered with Indonesia's Investment Ministry and several companies to support the development of electric vehicles (EV) in the Southeast Asian nation.

Sunday, January 23, 2022 16:17

Foxconn partners with Indonesia in EV development ảnh 1

An electric car model of Foxconn (Illustrative photo: Reuters)

Jakarta (VNA) - The Taiwan-basedFoxconn said it has partnered with Indonesia's Investment Ministryand several companies to support the development of electric vehicles (EV) inthe Southeast Asian nation.

Foxconn, the main iPhone maker of Apple, said it has signed amemorandum of understanding for a wide scope of investment on EVs, including battery manufacturing, with the Indonesian Ministry ofInvestment, Indonesia Battery Corporation, energy firm PT Indika Energy, andTaiwanese electric scooter vendor Gogoro.

The cooperation, which aims to build a "new energyecosystem" in Indonesia, also includes the development of EV supportingindustries such as energy storage systems, battery exchange stations andrecycling, Foxconn said in a statement./.

VNA

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