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04 Jan
13:27

Foxconn strengthens EV component capabilities

Taiwan’s electronic connector manufacturer Foxconn Interconnect Technology (FIT) plans to acquire Germany’s automotive components manufacturer PRETTL SWH group to expand its EV mobility solutions. The undisclosed transaction, subject to customary approvals, is expected to “meaningfully” contribute to FIT’s annual revenue and net income over the short and medium term. PRETTL SWH’s portfolio focuses on niche segments, offering hi…
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