The Kaohsiung City (Taiwan) government has teamed up with Taiwan-based Hon Hai Technology Group (Foxconn) to work on projects such as smart electric buses and smart city development, with the aim of becoming an arena that offers a comprehensive business and service model to attract global manufacturers to invest in.
The global sales of electric vehicles (EV) are growing exponentially. To forge Kaohsiung an important base for the global EV industry, the Kaohsiung City .
Molie Quantum Energy Corp (三元能源科技) is increasing its capital expenditure for a new advanced lithium battery plant in Kaohsiung by NT$6.65 billion (US$237.32 million) to reflect higher investment needs, the subsidiary of Taiwan Cement Corp (台灣水泥) said in a regulatory filing on Friday.
Molie Quantum’s board of directors would raise its planned investment amount to NT$18.65 billion from the initially budgeted of NT$12 billion “due to rising costs and increased equipment purchases,” the filing said.
The new battery factory in Siaogang District (小港) would have a capacity of 1.8 gigawatt-hours and begin operations next year, it said.
The estimated capacity is equivalent to
A Taiwan Cement Corp (TCC, 台灣水泥) subsidiary yesterday broke ground for an advanced lithium battery plant in Kaohsiung’s Siaogang District (小港) at the former site of the cement maker’s paper mill.
Molie Quantum Energy Corp (三元能源科技) has planned to initially invest NT$12 billion (US$430.5 million) in the facility, which is to begin operations in 2023.
The facility is to have enough annual output to supply the long-range batteries needed for 24,000 electric vehicles or 1.8 gigawatt-hours (GWh) of battery capacity.
It would use nickel, cobalt and manganese to make “ternary” batteries, and use lithium to make the anode material of the batteries,