News

Foxconn Selects EEC; Aims to Complete Construction and Mass Production for EV Plant by 2024

published: 2022-07-12 9:30
Horizon Plus, a subsidiary co-funded by Foxconn’s wholly-owned subsidiary Liyi International and the Petroleum Authority of Thailand (PTT), had signed a land transaction contract with the Rojana Industrial Park today, and plans to construct an EV production base that occupies roughly 500,498㎡ of land at the Eastern Economic Corridor (EEC), with completion and initiation of production scheduled for 2024. ...  more

First Floating Wind Farm, Formosa 5, Passes Preliminary Environmental Impact Review

published: 2022-07-12 9:30
The "Offshore Wind Power Taiwan Team", a joint venture established by SRE, Tienli Offshore Wind, Yeong Guan Energy, and J&V Energy, announced on the 8th that "Formosa 5 Offshore Wind Power" passed the preliminary review of the Environmental Protection Agency's task force, becoming the first floating wind farm to obtain third-stage block development qualification. ...  more

Subsidiary of GEM Raises Hundreds of Millions of Yuan for Development of Battery Recycling Business

published: 2022-07-12 9:30
The last section of the power battery industry chain is battery recycling and material recovery, and it has been attracting much attention lately. To capture the huge potential business opportunities in this section, GEM’s wholly-owned subsidiary “Wuhan Power Battery Regeneration Technology Co. Ltd.” is raising capital from strategic investors in order to build facilities for processing decommissioned batteries. GEM is a major Chinese supplier for battery materials. ...  more

Fluence Joins Hands with Rich Electric to Establish First 100MW Battery Energy Storage System in Taiwan

published: 2022-07-11 9:30
Energy storage supplier Fluence announced it would be joining hands with Taiwanese power conversion and energy storage company Rich Electric in engaging in TPC’s AFC auxiliary service by co-developing the first 100MW battery energy storage system in Taiwan, which is scheduled for completion in Hualien during 2023, and serves as one of the current largest energy storage AFC projects of Fluence in Taiwan. ...  more