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Image source: Tuchong Creative

Foxconn is also increasing its investment in Zhengzhou. At the end of July, Hon Hai Precision Industry Co., Ltd. released a major investment announcement that Foxconn will invest in the construction of a new business headquarters building in Zhengzhou to carry the functions of the new business headquarters.

The first phase of the project is located in Zhengdong New District, with a construction area of ​​about 700 mu and a total investment of about 1 billion yuan. It mainly builds seven centers, including the headquarters management center, R&D center and engineering center, strategic industry development center, strategic industry financial platform, industry research institute and key talent center, marketing center, and supply chain management center.

The positioning of the new factory is not closely related to the traditional OEM business, but is aimed at developing new energy-related businesses, including new energy vehicle complete vehicles, energy storage batteries, digital medical and robotics industrial bases, etc.

The "Several Measures to Solidly Promote Economic Steady and Improving Development in the Second Half of 2024" issued by the Henan Provincial Government in late July this year proposed striving to exceed 1.5 million vehicles in annual automobile production, including more than 800,000 new energy vehicles.

Foxconn and Zhengzhou are heading in both directions again. Times Finance noted that with only a month left before the official release of the iPhone 16 series, the demand for employees at Foxconn in Zhengzhou has once again reached a peak. Several internal employees and recruiters told Times Finance that Foxconn's Zhengzhou factory has stepped up its efforts and entered the sprint stage of production.