Taiwanese battery maker ProLogium Technology Co (輝能科技) is considering the UK among the potential sites for an US$8 billion factory that would build a promising, but unproven new generation of cells for electric vehicles.
The solid-state battery start-up is evaluating 90 sites across Eruope, including France, Germany, the Netherlands, Poland and the UK, the company said in a statement.
Locations are being evaluated based on availability of skilled labor, transport links and government incentives being offered — even proximity to customers.
A final decision is planned early next year, a Taiwan-based ProLogium spokesman said by telephone.
Other locations in the US, China and Southeast Asia are also being contemplated.
The company has hired consulting firm Accuracy to help with the search.
The UK is trying hard to attract battery makers as the auto industry phases out the internal combustion engine.
The UK’s production of vehicles has steadily declined over the decades and uncertainty about the future of its trading relationship with the EU has added to the industry’s woes.
Solid-state batteries promise reduced charging times, longer driving ranges and — unlike conventional lithium-ion batteries — no fire risk.
While the technology offers vast potential improvements to accelerate the adoption of electric vehicles, it has not yet been produced at scale.
ProLogium in January signed a cooperation agreement to develop sold-state battery cells with Mercedes-Benz Group AG, which also invested in the start-up.
ProLogium has earmarked US$8 billion for an overseas factory it would build in three phases over the course of a decade, with an ultimate capacity of 120 gigawatt-hours.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
PROJECTION: TSMC said it expects strong growth this year, with revenue in US dollars projected to grow by about 30 percent, outperforming the industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales last month reached NT$317.66 billion (US$9.98 billion), the highest ever for the month of February, driven by robust demand for chips built using the company’s advanced 3-nanometer (3nm) process. Last month’s figure was up 22.2 percent from a year earlier, but fell 20.8 percent from January, the world’s largest contract chipmaker said in a statement. For the first two months of the year, TSMC posted cumulative sales of NT$718.91 billion, up 29.9 percent from a year earlier. Analysts attributed the growth to sustained global demand for artificial intelligence (AI) products