A filing dated Tuesday showed FEVC raised its charter capital to VND9.02 trillion ($343.37 million) from VND7.51 trillion ($285.93 million), an increase of VND1.51 trillion ($57.44 million).

Established in July 2023, FEVC is based at Song Khoai Industrial Park in the northern province of Quang Ninh.

Alongside the capital increase, the Foxconn subsidiary expanded its registered business lines, most notably adding the manufacturing, processing, and assembly of electric vehicle charging stations and related components under the electrical equipment manufacturing category.

The registration, however, does not disclose planned production capacity, investment scale, customers, or a commercial production timeline for the charging equipment.

FEVC's existing core businesses include the production and assembly of EV chargers, charging controllers and power conversion systems (PCS) for energy storage applications.

The move makes FEVC the second Foxconn-affiliated company in Vietnam to register EV charging equipment manufacturing within the past month, signalling the Taiwanese contract manufacturer's broader push into the country's electric vehicle supply chain.

In July, Fulian Precision Technology Component Co. Ltd., a subsidiary of Foxconn Industrial Internet, also added the production and processing of EV charging stations to its registered business activities. Fulian, which operates a factory in Quang Chau Industrial Park in the northern province of Bac Ninh, had earlier increased its charter capital to VND9.86 trillion ($395.52 million) from VND9.46 trillion ($360.2 million).

The consecutive moves by Foxconn's operations in Quang Ninh and Bac Ninh suggest the company is expanding beyond its traditional businesses in consumer electronics, telecommunications equipment, servers and computer components to build manufacturing capacity for Vietnam's growing electric vehicle ecosystem.