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Pre-IPO event highlights Foxtron’s tripling revenue
Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry Co., Ltd., announced that its revenue has tripled compared to last year, indicating promising future growth. The company’s electric bus, Model T, has received overwhelming orders exceeding its production capacity, while its first passenger car, Model C, has been adopted by Luxgen Motor Co., Ltd. with orders surpassing 8,000 units. CEO Andy Lee envisions complete electrification of public buses by 2030, anticipating significant growth for Foxtron products in the coming years.2023/10/23 17:34