{"id":116659,"date":"2024-08-18T14:53:12","date_gmt":"2024-08-18T14:53:12","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/18\/foxconn-to-establish-battery-energy-storage-system-unit-in-india-times-of-india\/"},"modified":"2024-08-18T14:53:12","modified_gmt":"2024-08-18T14:53:12","slug":"foxconn-to-establish-battery-energy-storage-system-unit-in-india-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/18\/foxconn-to-establish-battery-energy-storage-system-unit-in-india-times-of-india\/","title":{"rendered":"Foxconn to establish battery energy storage system unit in India &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-112609777,imgsize-410015.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Foxconn to establish battery energy storage system unit in India &#8211; Times of India\" title=\"Foxconn to establish battery energy storage system unit in India &#8211; Times of India\" \/><\/div>\n<div>Foxconn<!-- -->, the Taiwanese electronics manufacturing giant, is developing plans to establish a <!-- -->battery energy storage system<!-- --> (BESS) unit in India, according to its chairman Young <!-- -->Liu<!-- -->. The company has already set up its first battery manufacturing plant in <!-- -->Taiwan<!-- -->, with a focus on the electric vehicle segment.<br \/>Liu, while talking to news agency PTI, mentioned that Foxconn&#8217;s information and communication technology segment has recently commenced operations in India.He added, &#8220;We are also waiting to put our 3+3 future industry in India. I have been talking to the minister for industries here about how can we collaborate on BESS (Battery Energy Storage System) in <a href=\"https:\/\/timesofindia.indiatimes.com\/india\/tamil-nadu\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Tamil Nadu<\/a>&#8230;&#8221;<br \/>Foxconn&#8217;s &#8220;3+3 strategy&#8221; prioritizes three key industries: <!-- -->electric vehicles<!-- -->, digital health, and robotics. Each of these industries has significant growth potential, with a current scale of USD 1.4 trillion and a compound annual growth rate exceeding 20 per cent. The company&#8217;s battery storage business is primarily focused on electric vehicles.<br \/>The proposed BESS factory in India will support Foxconn&#8217;s electric vehicle manufacturing business in the country, which is currently under development. When asked about the status of EV production, Liu said that it will begin &#8220;very soon.&#8221;<br \/>To date, Foxconn has invested over USD 1.4 billion in India, and its business has grown to USD 10 billion. The company currently employs more than 48,000 people in India.<br \/>During his recent visit to India, Liu met with various chief ministers and expressed his belief that India is on the rise. He said, &#8220;After visiting so many states in India, I felt that India is ascending. Foxconn wants to be a part of it. We will grow together with India&#8217;s growth.&#8221;<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The company has already set up its first battery manufacturing plant in Taiwan, with a focus on the electric vehicle segment.Liu, while talking to news agency PTI, mentioned that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":116660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-112609777,imgsize-410015.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1717,95438,289,467,2988,6563,23130,273,93616,1063,1731,2251,4715,272,4493],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/116659"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=116659"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/116659\/revisions"}],"predecessor-version":[{"id":116661,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/116659\/revisions\/116661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/116660"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=116659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=116659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=116659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}