Foxconn breaks ground on traction battery company in Taiwan
Hardware

Foxconn breaks ground on traction battery company in Taiwan

By mid-decade, Foxconn aims to capture at least 5% of the global market for EV build-to-order services, but the company is taking early steps in that direction by developing an ecosystem of component suppliers. It is ready to self-manufacture traction batteries, and the first own enterprise is being built in southern Taiwan – its foundation stone was recently laid in Kaohsiung.

    Image source: Foxconn

Image source: Foxconn

According to the chairman of the board of directors of Foxconn Yang Li (Young Li), quoted by the publication Nikkei Asian Review, in Kaohsiung, the company plans to create a local traction battery production ecosystem, covering the steps from processing the raw materials to manufacturing finished batteries. Technologies developed in southern Taiwan will allow the company to develop similar businesses outside of the island. Indonesia, where the company will start production of traction batteries in cooperation with local partners, could become the second geographic point for Foxconn’s expansion.

In the first quarter of 2024, Foxconn’s Kaohsiung plant will receive the first samples of iron-phosphate-based lithium batteries. Approximately the same batteries are produced by the market leader – the Chinese company CATL. In the initial phase, Taiwan’s Foxconn facility will be limited to a total capacity of 1.27 GWh. Locally produced batteries are used in electric buses operating in the south of the island, Foxtron electric cars and stationary energy storage systems. A research center will be built next to the plant, and Foxconn’s total investment in this project is US$202 million. The company will not remain the only manufacturer of traction batteries in Taiwan, as Taiwan Cement and Formosa Plastic Group have expressed interest in this type of batteries show activity.

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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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