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Formosa Smart Energy Tech builds domestic battery chain, breaks ground on Taiwan's largest battery cell plant

Formosa Smart Energy Tech (FSET), the sixth largest company under the Formosa Plastics Group, announced that it has invested over NT$16 billion (US$524 million) through its subsidiary Formosa AdvEnergy to build the largest 5GWh lithium-iron phosphate battery cell plant in Taiwan. On April 12, it held the groundbreaking ceremony for the 1st phase of 2.1GWh at the Changhua Binhai Industrial Zone, with mass production expected to begin by the second half of 2024. ....

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