Molie Quantum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 capaci...

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 �...