Want China Times, Xinhua 2014-09-04
Hon Hai Precision Industry or Foxconn, the world's largest electronics maker, will invest in electric cars in the coal-rich Shanxi province in north China, company founder Terry Gou said on Wednesday.
Terry Gou speaks at the Second Merchant's Assembly in Taiyuan, Shanxi province, Sept. 3. (Photo/CNA) |
Hon Hai Precision Industry or Foxconn, the world's largest electronics maker, will invest in electric cars in the coal-rich Shanxi province in north China, company founder Terry Gou said on Wednesday.
Speaking to
Shanxi businessmen in the provincial capital of Taiyuan, Gou said his company
will capitalize on Shanxi's rich natural resources and help transform the
province from an energy exporter into an eco-friendly economy.
"The
development and manufacturing of new energy vehicles is embracing a golden
opportunity," said Gou, adding that Shanxi has a firm base for the
development of electric cars.
Gou, also
chairman of Hon Hai, the company responsible for assembling iPhones and iPads,
did not specify on the investment plan.
At an annual
shareholders' meeting on June 25, Gou announced Hon Hai was planning to make
affordable electric cars priced under US$15,000.
Shanxi
provincial governor Li Xiaopeng said earlier the province will become an
electric-powered, gas-powered and methanol-powered new-energy vehicle
production base by 2020 with an expected annual output of 400,000 vehicles and
a sales value of 50 billion yuan (US$8.1 billion).
Hon Hai has
operated two factory complexes in Shanxi's Taiyuan and Jincheng cities since
2003, with an accumulated investment of 20 billion yuan (US$3.3 billion).
The Taiyuan
complex is mainly responsible for producing high-end smartphones and components
for mobile phones, while the Jincheng complex mainly manufactures industrial
robots, automation gears, precision cutting tools and optical lenses.
Gou said
Hon Hai will increase its investment in Shanxi by at least 5 billion yuan
(US$810 million) this year, creating an output value of over 60 billion yuan
(US$9.8 billion) and bringing its total number of employees there to 100,000.
Shanxi has
produced 14 billion tons of coal since 1949, accounting for a quarter of the
country's total output, causing pollution and resource exhaustion problems.
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