Jan 25, 2022 08:25 PM

Tech Insider: Foxconn’s Indonesian EV Foray, IDG Capital’s New Decarbonization Fund

Foxconn Technology Group announces its self-developed electric car on Oct., 2021. Photo: Foxconn Technology

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Foxconn works with Indonesia to make electric cars

Foxconn Technology Group has signed a memorandum of understanding with Indonesia’s Ministry of Investment and three firms to explore building an intact supply chain for electric vehicles (EVs) in the resource-rich Southeast Asian country.

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