Taiwanese giant Hon Hai Precision Industry Co. Ltd (Foxconn) plans to invest in Indonesia. The chairman of Foxconn, Young Liu, and President Joko Widodo met on Saturday (25/6) at the Bogor Palace. The meeting discussed the follow-up to the previously agreed Memorandum of Understanding related to the investment plans of Foxconn, Gogoro, PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk in Indonesia on January 21, 2022. According to the records of the Investment Coordinating Board (BKPM), the investment plan is US$ 8 billion or Rp118.4 trillion (exchange rate of Rp14,800), with estimated employment of more than 10,000 people.
Foxconn Chairman Young Liu expressed his appreciation for the support of President Joko Widodo and the Minister of Investment/Head of BKPM Bahli Lahadalia who will fully facilitate Foxconn’s investment. Foxconn offers a new business model, namely BOL (Build, Operate, Localize) for its investment in Indonesia. Regarding his interest in investing in IKN Nusantara, East Kalimantan, Foxconn also expressed his interest in developing smart cities through an electric bus (e-bus) infrastructure and IoT (Internet of Things) networks.
Foxconn, Gogoro, IBC, and Indika’s investment plans cover the electric vehicle industry: four-wheeled, two-wheeled, and electric buses; electric vehicle battery industry; and supporting industries: energy storage system, battery exchange station, battery recycling industry, Research & Development (R&D) and training. The agreed collaboration includes the development of a new sustainable energy ecosystem through investment in electric batteries, electric vehicles, and various supporting industries through the BOL cooperation scheme in Indonesia.
June 27, 2022, DetikFinance
(https://finance.detik.com/properti/d-6149263/foxconn-kepincut-bikin-smart-city-di-ikn)