Hon Hai Precision Industry Co (鴻海精密) is developing a faster-charging, longer-lasting battery for electric vehicles (EV) using lithium iron phosphate thanks to new developments in anode materials, the company said yesterday.
The remark came after the world’s largest electronics contract manufacturer signed a memorandum of understanding (MOU) with partners Giga Solar Materials Corp (碩禾電子), Long Time Technology Co (榮炭科技) and China Steel Chemical Corp (中鋼碳素) to “accelerate the development of anode materials for the next generation of made-in-Taiwan EV batteries.”
The key materials for such batteries are mesocarbon microbeads (MCMB), which China Steel Chemical manufactures, silicon oxide, which Giga Solar produces, and artificial graphite, which Long Time Technology provides, the MOU said.
Photo: Chen Rou-chen, Taipei Times
China Steel Chemical is the world’s biggest manufacturer of MCMBs, and it is in good control of upstream materials and proprietary technology for the manufacturing process, Hon Hai said.
“We anticipate that our partnership would help Hon Hai establish a strong place in the global EV battery supply chain and become widely used in electric vehicles, electric buses and battery storage applications,” it said.
The first application for the new lithium iron phosphate battery would be in electric buses, which the company has scheduled to reach the market in 2023, Hon Hai said.
Hon Hai has invested heavily in the EV space.
Its first electric bus is to be delivered in the second quarter of next year.
Hon Hai has stakes in Long Time Technology and Giga Solar Materials.
China Steel Chemical is a subsidiary of China Steel Corp (中鋼) that focuses on specialty chemicals for the production of steel.
VALUABLE STOCK: The company closed at NT$1,005 a share, on demand for AI and HPC chips, and is expected to issue a positive report during its earnings conference Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares rose 2.66 percent to close at a record high of NT$1,005 yesterday. as investors expect the company to continue benefiting from strong demand for artificial intelligence (AI) and high-performance computing (HPC) chips. TSMC is the 19th member of the local bourse’s NT$1,000 stock club, which includes smartphone chip designer MediaTek Inc (聯發科) and electric transformer manufacturer Fortune Electric Co (華城電機). Yesterday’s rally swelled TSMC’s market capitalization to NT$26.06 trillion (US$802.3 billion) and contributed about 211 points to the TAIEX, which closed up 350.1 points, or 1.51 percent, to 23,522.53, another record high, Taiwan Stock
The waves of the Aegean Sea lap gently at the tables and chairs of two beach restaurants on Greece’s Halkidiki peninsula. It is an idyllic scene, but one that is totally illegal. Like many others in Greece, the two establishments on Pefkochori Beach do not have a license to set up shop so close to the water. After a wave of protests last summer by locals about bars and restaurants illegally covering beaches with sunbeds and tables, the Greek state is taking action. It is cracking down on rogue tourist practices with surveillance drones, satellite imagery and a special app
Luxgen Motor Co (納智捷汽車), a subsidiary of Yulon Motor Co (裕隆汽車), yesterday said it is again offering a NT$100,000 discount for its entry-level n7 electric vehicle models. The n7’s price has gone down from NT$1.099 million to NT$999,000, Luxgen said, adding that there are 25,000 preorders for the model. MG Motor’s electric hatchback, the MG4, entered the market in the middle of last month, with a starting price of NT$990,000. China Motor Corp (中華汽車), which distributes MG vehicles in Taiwan, said it aims to sell 1,600 MG4s this year. MG, originally a British brand, was acquired by China’s SAIC Motor
South Korea’s SK Hynix Inc, the world’s No. 2 memorychip maker, is to invest 103 trillion won (US$74.6 billion) through 2028 to strengthen its chips business, focusing on artificial intelligence (AI), its parent SK Group said yesterday. SK Group also said it plans to secure 80 trillion won by 2026 to invest in AI and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries. The sprawling conglomerate outlined the plans following a two-day strategy meeting, aiming to revive the group after SK Hynix, its main money maker, and the group’s electric vehicle battery arm suffered heavy losses. SK