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Foxconn to face strong competition in LFP battery market

Ninelu Tu, Taipei; Kevin Cheng, DIGITIMES Asia 0

Foxconn chairman Young-Way Liu. Credit: DIGITIMES

Foxconn Technology Group (Hon Hai) has shown strong ambition to deepen its EV deployment by building a lithium iron phosphate (LFP) battery cell factory in Kaohsiung, but it will face strong competition in the global LFP market, as existing battery...

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