"Hon Hai Technology Group (Foxconn) has announced that it will invest 600 million yuan ($83.48 million) in Foxconn New Energy Battery (Zhengzhou) Co Ltd.
The investment will be made through its subsidiary, HongFuJin Precision Electronics (Zhengzhou) Co Ltd, which will first inject capital into Foxconn Innovation Industry Development Group Co Ltd. The latter will channel the funds into the new energy battery company in Zhengzhou, the capital of central Henan province, the Taiwan company confirmed to Xinhua on Tuesday.[...]"