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Taiwan's Foxconn breaks ground on first EV battery plant

Smartphone assembler takes crucial step in challenge to global players like CATL

Foxconn Chairman Young Liu speaks at a groundbreaking ceremony for the company's first battery plant in the southern Taiwanese city of Kaohsiung on June 15. (Photo by Lauly Li)

KAOHSIUNG, Taiwan -- Foxconn broke ground on its first battery cell plant on Wednesday, marking the latest move by the key iPhone assembler to make inroads into the booming electric vehicle industry.

"We plan to build a localized ecosystem for the battery supply chain, from materials to battery cells and battery packs, in Kaohsiung," Foxconn Chairman Young Liu said at the groundbreaking ceremony in the southern Taiwanese city. "The city will become an important base for Foxconn's EV global footprint.

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