- Hon Hai Precision has entered into multiple collaborations and investments to grow its presence in the electric vehicle market and diversify away from its consumer electronics manufacturing business.
- The company has developed a new open platform for electric vehicles which is potentially a game changer in the market, and this is a further boost to its EV ambitions.
- Hon Hai Precision trades at 12.5 times consensus forward FY 2021 P/E, and it boasts a consensus forward FY 2021 dividend yield of 3.8%.
For further details see:
Hon Hai Precision: All Eyes On Electric Vehicle Growth Plans