eyes expansion in EV segment

Taiwanese electronics giant Foxconn is planning to establish a Battery Energy Storage System (BESS) unit in India, according to Chairman Young Liu. With a focus on the electric vehicle (EV) sector, Foxconn is expanding its battery manufacturing business, having already set up its first plant in Taiwan. Liu mentioned that Foxconn’s information and communication technology segment has recently started operations in India. He also revealed discussions with Tamil Nadu’s industry minister regarding collaboration on BESS…