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Foxconn Plans to Build Car Battery, Solar Panel Factory in Rio

Foxconn Technology Group plans to build a factory to produce car batteries and solar panels at Eike Batista’s Acu Port in Rio de Janeiro state, the Brazilian billionaire told reporters at the site today.

The plant will require investments of $1 billion and Batista may join Foxconn in the venture, he said, adding they may form a partnership with a 50 percent stake each.

To contact the reporter on this story: Juan Pablo Spinetto in Rio de Janeiro at jspinetto@bloomberg.net

To contact the editor responsible for this story: Adriana Brasileiro at abrasileiro@bloomberg.net

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