Fuji Kang registered and established a new business group in Zhengzhou, and it is reported that it will aim at the electric vehicle business.

Thank you, Mr. Air, CTOnews.com netizen, for the delivery of the clues on the way! CTOnews.com, June 26, according to the CNA news agency, Hon Hai recently established Foxconn New Business Development Group, which covers electric vehicle sales and power exchange facilities sales, AI software development and so on.

▲ Tu Yuan: Hon Hai reported that Foxconn New Business Development Group was established in the middle of this month with a registered capital of 1 billion yuan. The company will set up an innovation base in Zhengzhou Central Plains Science and Technology City, which will be wholly owned by Hongfujin Precision Electronics (Zhengzhou), an affiliated company of Zhengzhou Foxconn.

▲ source: Hon Hai CTOnews.com noted that Foxconn New Business Development Group aims at electric vehicle sales and power exchange facilities sales, battery manufacturing and sales, energy storage technical services, AI basic software development, intelligent robot development and sales and other important businesses.

According to reports, Hon Hai's new Model B / C / V will be produced in China, Thailand and the United States, and is expected to be mass produced in the second half of this year. Hon Hai hopes to sell between 500000 and 750000 electric vehicles by 2025, with a gross profit margin of 10 per cent.