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Newly established Formosa Smart Energy Corp (台塑新智能科技) on Tuesday said it would invest NT$16 billion (US$536.7 million) on building a green energy production base in the Changhua Coastal Industrial Park (彰濱工業區). The investment would focus on a lithium iron phosphate (LFP) battery factory, said the company, which was launched by Formosa Plastics Group (FPG, 台塑集團). An LFP battery and module factory with production capacity of 2.1 gigawatt-hours (GWh) would be established in the first phase, with mass production scheduled to start in the first half of 2024, Formosa Smart Energy chairwoman Sandy Wang (王瑞瑜) told a news conference in Changhua City. The second ....
Taipei, July 5 (CNA) A smart energy company launched by Formosa Plastics Group (FPG) on Tuesday announced a plan to invest NT$16 billion (US$535.22 million) to build a green energy production base in Changhua Coastal Industrial Park, with the focus on a lithium iron phosphate battery factory. ....