TAIPEI -- Key iPhone assembler Foxconn on Wednesday said it plans to build electric vehicle batteries in Wisconsin and Ohio as the U.S. Inflation Reduction Act spurs demand for local production.
Supply Chain
Foxconn says it will build EV batteries in Wisconsin and Ohio
Key iPhone assembler aims to more than double its EV revenue this year
Foxconn is betting on its EV component business to help offset a slowdown in the smartphone market, a key segment for the Taiwanese company. © Reuters
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