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Hon Hai Precision Industry ( (HNHPF) ) has provided an update.
Hon Hai Precision Industry’s subsidiary, Foxconn EV Singapore Holdings Pte. Ltd., has acquired shares in Foxconn EV Netherlands Holdings B.V. for a transaction valued at 30,100,000 Euros. This investment is part of a strategic long-term approach to strengthen its electric vehicle business. Additionally, Foxconn EV Netherlands Holdings B.V. has acquired shares in Foxconn EV Netherlands Axle System B.V., also valued at 30,100,000 Euros, further consolidating its position in the electric vehicle market. These transactions highlight Foxconn’s commitment to growing its electric vehicle operations and enhancing its market share in the EV industry.
More about Hon Hai Precision Industry
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, operates in the electronics manufacturing industry. It is renowned for its assembly and production of consumer electronics, including smartphones and computers, and is focusing on expanding its presence in the electric vehicle sector through its subsidiaries.
YTD Price Performance: 67.59%
Average Trading Volume: 39,593
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $77.68B
For a thorough assessment of HNHPF stock, go to TipRanks’ Stock Analysis page.
