Foxconn subsidiary boosts capital, adds EV charging production in Vietnam

According to Fulian’s filings with Vietnam's National Business Registration Portal, its charter capital has risen from VND9.46 trillion ($360 million) to VND9.86 trillion ($375 million), with the company remaining wholly foreign-owned.

The company also added business activities under code 2710, covering motors, generators, transformers, and electrical distribution equipment, specifically registering EV charging station production.

Fulian’s factory is located in Quang Chau Industrial Park in Bac Ninh Province, northern Vietnam, where the company currently manufactures and repairs electronic components, PCBA circuit boards, computers and accessories, optical devices, and telecommunications equipment.

Foxconn’s move comes as Vietnam’s EV market grows rapidly.

The International Energy Agency’s Global EV Outlook 2026 reported that EV sales in Vietnam more than doubled in 2025.

The rapid increase in EV adoption has created strong demand for charging infrastructure.

VinFast, an EV maker under leading Vietnamese conglomerate Vingroup, currently operates approximately 150,000 charging ports nationwide, but they are not compatible with other brands.

Automakers such as BYD, Ford, Audi, Geely, and BMW rely on dealer-installed chargers which remain limited.

Public charging stations are also scarce.

Ho Chi Minh City has 9,735 EV charging stations, including eight bus charging stations with 153 fast chargers and four CNG refueling stations.

For electric motorbikes, the city has about 300 fast-charging stations and 2,459 battery-swap points.

Authorities said infrastructure expansion is ongoing to meet growing demand.