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Benzinga
Benzinga
Business
Badar Shaikh

Apple Supplier Foxconn To Enter Japanese Market With EV Buses Backed By Taiwan Subsidies

Foxconn Japan AAPL Apple Nasdaq BYD
Milwaukee,-,August,14,,2024:,Foxconn,Science,And,Technology,Park.

Apple Inc. (NASDAQ:AAPL) supplier Foxconn is set to enter the Japanese market with the company's bespoke EV buses, thanks to subsidies offered by the Taiwanese government.

What Happened: Purchasing and operating EVs certified by the government is eligible for receiving over $181,000 in subsidies, almost half the value of an EV bus, Nikkei Asia reported on Tuesday.

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