The joint venture will also supply components for the new ZF hybrid transmission, the company said. Volume production at the joint venture is expected to start in 2021.
The investment, announced on Thursday, will be the largest new greenfield investment made by a foreign company in the US, creating 3,000 new jobs, with the potential to grow to 13,000 jobs in the state, Foxconn said in a statement.
The latest plan is also part of the effort to ease oversupply of aging corn.
The launch announcement highlighted two key programs to get the new marketplace off the ground: Selling on Amazon and Fulfillment by Amazon. The first is fairly simple: sellers can list products on amazon.in and handle fulfillment of orders themselves in much the same way things are handled for other Amazon Marketplace customers worldwide.
The investment will support Sunpower, one of the leading environmental protection solution providers in the country, to expand its portfolio of green investments assets to capitalize on the growth potential of the environmental services industry in China, according to the company's statement.
The launch event for the 2019 South and Southeast Asia Commodity Expo and Investment Fair (SSACEIF) and the second China-South Asia Cooperation Forum was held in Beijing on Feb 28.
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The latest version of the draft has added provisions for imposing fishing bans in designated areas of the Yangtze estuary.
The justices ordered the secretary of state not to put the ballot initiative before voters, saying significant questions have been raised about its validity.
The latest statistics released by the city's Commission of Commerce showed 701 multinational companies had set up regional headquarters in Shanghai by the end of last month, with 451 setting up regional research and development centers.
The joint venture has benefited from steady, sustained efforts from the government to push forward economic restructuring, deepen financial reforms, and build multi-level, transparent and open capital markets, said Anthony Leung, vice president of HSBC China.