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Benzinga
Benzinga
World
Navdeep Yadav

Apple Supplier Foxconn Breaks Ground On First EV Battery Plant

Foxconn AAPL Apple Nasdaq electric vehicle

One of Apple Inc's (NASDAQ: AAPL) oldest and largest suppliers, Foxconn, has forayed into the electric vehicle segment.

What Happened: The key iPhone assembler, whose official name is Hon Hai Precision Industry Co., Ltd (OTC: HNHPF), broke ground on its first battery cell plant on Wednesday, the latest move by the company to make inroads into the booming EV industry.

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