Foxconn in Zhengzhou Peak Employment Demand, New Projects, and Future Goals

TapTechNews August 9th news, according to Time Finance report, with just over a month left before the official release of Apple's iPhone 16 series products, the employment demand of Zhengzhou Foxconn has once again reached its peak. Multiple internal employees and recruiters disclosed that Foxconn's Zhengzhou factory has stepped up its efforts and entered the sprint stage of production.

Insiders said that the demand for production line workers has increased rapidly, and the hourly wage of workers has risen to a maximum of $3.6 (25 yuan), and the bonus is up to $1100 (7500 yuan) for working in the manufacturing workshop for 3 months. In the past two weeks, at least 50,000 new employees have entered the factory, and large-scale recruitment is still ongoing. If there is still a shortage of manpower in the subsequent production, it won't be a problem if the bonus goes up to $1170 (8000 yuan). According to him, The current production line has already started full-scale mass production of the new iPhone 16 series.

In late July this year, Hon Hai's subsidiary Foxconn Technology Group signed a cooperation agreement with the Henan provincial government to invest in the construction of a new business headquarters building in Zhengzhou to carry the function of the new business headquarters. The first phase of the project is located in Zhengdong New District, with a construction area of about 115 acres (700 mu), and the total investment is about 150 million US dollars (1 billion yuan).

In addition, around the implementation of the 3+3 strategy, Foxconn will focus on the layout of electric vehicle trial production center and solid-state battery and other projects in the Zhengzhou Airport Economic Comprehensive Experimental Zone in the near future.

The electric vehicle trial production center project will plan to build an internationally first-class electric vehicle demonstration production line, creating a display platform to provide manufacturing services to well-known domestic and foreign automotive brands and a world-class lighthouse factory in the field of complete vehicles, laying the foundation for the subsequent mass production of electric vehicles. The goal is to build Zhengzhou Airport into the core production base of Foxconn's electric vehicles.

In terms of the solid-state battery project, the solid-state battery industry will be laid out and developed in Zhengzhou Airport, focusing on the research and development and production of solid-state electrolytes, semi-solid and all-solid-state battery cells.

TapTechNews noted that from February to April 2023, Liu Yangwei, chairman of Foxconn Technology Group, visited Henan three times in just over 60 days, pledging to build another new Foxconn in Henan. At the inauguration ceremony of Foxconn's new business headquarters held on April 25 last year, Foxconn announced that it will continue to deeply cultivate Henan and implement the 3+3 strategy to build the Zhengzhou base into the core base and important benchmark of Foxconn's global innovation and industrial layout.

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