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Benzinga
Benzinga
World
Navdeep Yadav

Key Apple Supplier Foxconn's Chief Meets India's PM Modi: EV Manufacturing Finds Mention

Hon Hai Precision Ltd. (OTC:HNHPF) Chairman Young Liu met the Indian Prime Minister Narendra Modi on Thursday as Apple Inc's (NASDAQ:AAPL) oldest and largest supplier continues its search for a potential market to expand its businesses amid Xi Jingping's zero-tolerance COVID policy.

This follows the Taiwan-based electronics contract manufacturer, better known by the moniker  recently expressing its plans to expand the manufacturing footprint in the electric vehicles (EVs) segment to compete against Tesla Inc (NASDAQ:TSLA) and other EV makers.

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