iPhone Manufacturer Hon Hai's EV Ambitions: A Long Road Ahead

The electronics giant Hon Hai Precision Industry Co., better known globally as Foxconn, recently announced that its plans to expand into the electric vehicle (EV) market will require several years of development before it can achieve significant scale. Despite already being a major force in the electronics manufacturing sector, the company anticipates a challenging journey as it attempts to diversify its portfolio by venturing into the burgeoning EV market.

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