Foxconn Industrial Internet to Set Up New Energy Battery Firm for 600 Million Yuan; Shares Up 3%

MT Newswires Live2024-12-26

Foxconn Industrial Internet (SHA:601138) will invest 600 million yuan in a new energy battery company, Foxconn New Energy Battery (Zhengzhou), Xinhua reported Tuesday.

The computer and telecommunications equipment manufacturer will make the investment through its subsidiary, HongFuJin Precision Electronics (Zhengzhou), which will first inject capital into the unit, Foxconn Innovation Industry Development Group.

Foxconn Innovation will put the funds into the Zhengzhou company, with the total investment to be sent in phases, the report said.

Foxconn intends to establish a headquarters in Zhengzhou, the capital of China's Henan Province. About 1 billion yuan will be invested in the headquarters, which will have a construction area of 70,000 square meters.

Foxconn's shares jumped less than 3% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2494885675?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-26 11:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2494885675","market":"hk","top_or_hot":-1,"title":"Foxconn Industrial Internet to Set Up New Energy Battery Firm for 600 Million Yuan; Shares Up 3%","media":"MT Newswires Live","content":"<html><body><p> Foxconn Industrial Internet (SHA:601138) will invest 600 million yuan in a new energy battery company, Foxconn New Energy Battery (Zhengzhou), Xinhua reported Tuesday.</p><p>The computer and telecommunications equipment manufacturer will make the investment through its subsidiary, HongFuJin Precision Electronics (Zhengzhou), which will first inject capital into the unit, Foxconn Innovation Industry Development Group.</p><p>Foxconn Innovation will put the funds into the Zhengzhou company, with the total investment to be sent in phases, the report said.</p><p>Foxconn intends to establish a headquarters in Zhengzhou, the capital of China's Henan Province. About 1 billion yuan will be invested in the headquarters, which will have a construction area of 70,000 square meters.</p><p>Foxconn's shares jumped less than 3% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foxconn Industrial Internet to Set Up New Energy Battery Firm for 600 Million Yuan; Shares Up 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFoxconn Industrial Internet to Set Up New Energy Battery Firm for 600 Million Yuan; Shares Up 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-12-26 11:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Foxconn Industrial Internet (SHA:601138) will invest 600 million yuan in a new energy battery company, Foxconn New Energy Battery (Zhengzhou), Xinhua reported Tuesday.</p><p>The computer and telecommunications equipment manufacturer will make the investment through its subsidiary, HongFuJin Precision Electronics (Zhengzhou), which will first inject capital into the unit, Foxconn Innovation Industry Development Group.</p><p>Foxconn Innovation will put the funds into the Zhengzhou company, with the total investment to be sent in phases, the report said.</p><p>Foxconn intends to establish a headquarters in Zhengzhou, the capital of China's Henan Province. About 1 billion yuan will be invested in the headquarters, which will have a construction area of 70,000 square meters.</p><p>Foxconn's shares jumped less than 3% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1781817850.SGD","symbol_name":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2494885675","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494885675","pubTimestamp":1735184261,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Foxconn Industrial Internet  will invest 600 million yuan in a new energy battery company, Foxconn New Energy Battery , Xinhua reported Tuesday.The computer and telecommunications equipment manufacturer will make the investment through its subsidiary, HongFuJin Precision Electronics , which will first inject capital into the unit, Foxconn Innovation Industry Development Group.Foxconn Innovation will put the funds into the Zhengzhou company, with the total investment to be sent in phases, the report said.Foxconn intends to establish a headquarters in Zhengzhou, the capital of China's Henan Province. About 1 billion yuan will be invested in the headquarters, which will have a construction area of 70,000 square meters.Foxconn's shares jumped less than 3% in recent trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601138":"工业富联","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU1997245094.SGD":"安联神州A股基金AT Acc SGD","LU1934453819.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"A\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU2495084118.USD":"ALLIANZ CHINA A-SHARES \"ATH\" (USDHDG) ACC","LU1979443071.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"AD\" (USDHDG) INC","LU1997244956.HKD":"ALLIANZ CHINA A-SHARES \"AT\" (HKD) ACC A","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU2289578879.USD":"ALLIANZ CHINA A OPPORTUNITIES \"AT\" (USD) ACC","LU1655091616.SGD":"JPMorgan Funds - China A-Share Opportunities A (acc) SGD","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1997245177.USD":"安联神洲A股基金","LU0051755006.USD":"摩根大通中国A (dist)","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","BK0214":"IT设备"},"translate_title":"富士康工业互联网6亿元设立新能源电池公司；股价上涨3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601138":0.9},"content_text":"Foxconn Industrial Internet (SHA:601138) will invest 600 million yuan in a new energy battery company, Foxconn New Energy Battery (Zhengzhou), Xinhua reported Tuesday.The computer and telecommunications equipment manufacturer will make the investment through its subsidiary, HongFuJin Precision Electronics (Zhengzhou), which will first inject capital into the unit, Foxconn Innovation Industry Development Group.Foxconn Innovation will put the funds into the Zhengzhou company, with the total investment to be sent in phases, the report said.Foxconn intends to establish a headquarters in Zhengzhou, the capital of China's Henan Province. About 1 billion yuan will be invested in the headquarters, which will have a construction area of 70,000 square meters.Foxconn's shares jumped less than 3% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494885675","isCrawlerRequest":true}