Nokia is not dead: spends a fortune to build a new factory in Vietnam

Due to consecutive losses, Nokia has implemented global layoffs on many occasions. However, thanks to its partnership with the wealthy Microsoft, the originally declining Nokia has once again regained vitality.

According to foreign reports, on October 28th, Nokia held an opening ceremony in Vietnam for its new mobile phone manufacturing plant. This new factory in Vietnam cost 300 million USD, covers a total area of 65,400 square meters, and will take one and a half years to complete.

It is reported that the first batch of products produced at this new plant will be the practical Nokia 105 phone. 95% of its production will be exported, while only 5% will be used for domestic sales.

Undoubtedly, after the official merger of Microsoft and Nokia, there will undoubtedly be more Asha and Lumia phones shipped out from here in the future.