Foxconn to invest 3.65 bln USD in new industries in Kunshan

Updated 2017-06-24 10:21:16 Xinhua

Taiwan's tech giant Foxconn on Friday signed a strategic cooperation agreement to invest 25 billion yuan (3.65 billion U.S. dollars) in new industries in the city of Kunshan in east China's Jiangsu Province.

This is the first strategic step for Foxconn to seek transformation in the Yangtze River delta.

According to the agreement, Foxconn will invest over 8 billion yuan in the initial phase. The spate of investment projects ranges from new energy battery R&D center and production base to Internet of Things and pollution prevention and treatment.

Foxconn has invested a total of 1.7 billion U.S. dollars in Kunshan in the past 24 years.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 16 2018 10:33:22

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 16 2018 10:33:22

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 16 2018 10:33:22

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords