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Foxconn Technology Group, the world's largest electronics manufacturing contractor, plans to invest 1 billion yuan ($138.5 million) to establish a new business headquarters in Zhengzhou, Henan province, as the company is diversifying revenue sources and reducing its heavy dependence on assembling Apple's iPhones. With a construction area of approximately 70,000 square meters, the new headquarters will primarily focus on the trial manuf acturing of electric vehicles and solid-state batteries, aiming to build a global high-end manufacturing industrial chain and an ecosystem for strategic emerging industries, Foxconn said. The company has signed a strategic partnership with the Henan provincial government. According to the agreement, Foxconn will accelerate the development of EVs, energy storage batteries, digital health and robotics in the province. Setting up a new business headquarters in Zhengzhou serves as a very important part of Foxconn's new business development on the Chinese mai
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