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Hon Hai Precision Industry ( (HNHPF) ) has issued an announcement.
Hon Hai Precision Industry’s subsidiary, Foxconn EV Singapore Holdings, has acquired shares in Foxconn EV Netherlands Holdings, while Foxconn EV Netherlands Holdings has obtained shares in Foxconn EV Netherlands Axle System. Additionally, Foxconn EV Netherlands Axle System acquired shares in ZF Chassis Modules GmbH, reflecting a strategic move to bolster its presence in the EV component sector. These transactions, all occurring on December 30, 2024, are part of a long-term investment strategy aimed at strengthening Foxconn’s foothold in the EV industry, ensuring full ownership of these assets and aligning with related parties to optimize investment and operational synergies.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., commonly known as Foxconn, is a prominent player in the electronics manufacturing industry. The company is renowned for its role in the assembly of consumer electronics, including smartphones, and is expanding its focus into electric vehicles (EVs) through subsidiaries like Foxconn EV Singapore Holdings and Foxconn EV Netherlands Holdings.
YTD Price Performance: 70.62%
Average Trading Volume: 48,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $79.05B
See more data about HNHPF stock on TipRanks’ Stock Analysis page.
