TAIPEI (Reuters) – Shares of Taiwan’s Foxconn rose as much as 3.6% on Monday after Vietnam conglomerate Vingroup said its car unit was in early stage talks with Foxconn about working together on developing batteries and electric car parts.
Foxconn has proposed acquiring EV production lines owned by the unit VinFast, Reuters exclusively reported on Friday.
Vingroup later said it had received proposals from Foxconn and the partnership will focus on developing the batteries and electric car parts.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment