Foxconn subsidiary hints at setting up EV manufacturing unit In India
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Foxconn’s Mobility in Harmony (MIH) CEO Jack Cheng hinted that the company is eyeing India as one of its target locations to build a standardised electric vehicle (EV) production unit. MIH is the EV manufacturing unit of the Taiwanese tech giant that announced plans to launch a three-seater EV priced below $20,000. Cheng told Reuters that MIH is willing to work with its parent or collaborate with some other EV manufacturing company to produce the said category of EV.