Indonesia Says Foxconn May Invest in Projects for New Capital [Financial Post (Toronto, Ontario, Canada)]
Gogoro Inc. - Ordinary Shares (GGR)
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Source: Financial Post
(Bloomberg) — Indonesia said Foxconn Technology Group is considering investing in the country’s new capital, a move that would bolster the $34 billion construction project. The Taiwanese company is looking at setting up an electric bus system and an Internet of Things network at Nusantara, as Indonesia’s new capital will be called, Investment Minister Bahlil Lahadalia said in a statement on Sunday. Young Liu, the chairman of Hon Hai Precision Industry Co., Foxconn’s flagship unit, met with Indonesian President Joko Widodo on Saturday to discuss the company’s plan to invest $8 billion to build a manufacturing plant with electric-scooter startup Gogoro Inc. The factory, set to be built in Central Java province, will produce batteries and other electric vehicle-related products. Liu told Jokowi, as the president is known, that Hon Hai is happy to help Indonesia set up talent training institutions, and it will provide EV technologies and products to local partners and work with them to
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GGR
Earnings
- 2/7/24 - Miss
GGR
Sec Filings
- 4/10/24 - Form 6-K
- 3/29/24 - Form 20-F
- 3/11/24 - Form 144
- GGR's page on the SEC website