Foxconn Starts Building a Plant for Electric-Vehicle Batteries in Taiwan

Taiwan’s Foxconn Technology Group started building its first plant to produce electric-car batteries Wednesday, the contract electronics manufacturer’s latest step into the booming electric-vehicle industry.

Foxconn said it plans to invest about 6 billion New Taiwan dollars, equivalent to about $200 million, on battery production lines and a research-and-development center in Kaohsiung city in southern Taiwan.