Formosa Smart Energy Tech Corp (台塑新智能科技) has broken ground for a lithium iron phosphate battery cell plant in Changhua County and aims to start production at the site in the second half of next year.
Speaking at the groundbreaking ceremony on Wednesday last week, Formosa Smart Energy chairwoman Sandy Wang (王瑞瑜) said the first phase of the plant would have a production capacity of 2.1 gigawatt-hours (GWh) in battery cells and modules.
Formosa Smart Energy, part of the Formosa Plastics Group (FPG, 台塑集團), is investing NT$16 billion (US$525.19 million) to build the factory at the Changhua Coastal Industrial Park (彰濱工業區).
Photo: Chang Hui-wen, Taipei Times
Once it completes the second phase of the project, Formosa Smart Energy said the total production capacity of the combined site would reach 5GWh.
Wang said that FPG established Formosa Smart Energy in July last year to target the areas of energy conservation, energy storage, new energy development, and energy recycling and reuse.
The battery cell plant is expected to serve as a bridge connecting upstream, middle-stream and downstream segments of the local battery industry, she said.
As for energy storage, Formosa Smart Energy has inaugurated a facility in Tainan’s Yongkang District (永康) and plans to complete the construction of another plant in Changhua County by the end of this year, Wang said.
In addition, the company is also planning to build storage facilities in Yunlin, Nantou and Chiayi counties, she said.
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