News

Foxconn Selects EEC; Aims to Complete Construction and Mass Production for EV Plant by 2024

published: 2022-07-12 9:30
Horizon Plus, a subsidiary co-funded by Foxconn’s wholly-owned subsidiary Liyi International and the Petroleum Authority of Thailand (PTT), had signed a land transaction contract with the Rojana Industrial Park today, and plans to construct an EV production base that occupies roughly 500,498㎡ of land at the Eastern Economic Corridor (EEC), with completion and initiation of production scheduled for 2024. ...  more

First Floating Wind Farm, Formosa 5, Passes Preliminary Environmental Impact Review

published: 2022-07-12 9:30
The "Offshore Wind Power Taiwan Team", a joint venture established by SRE, Tienli Offshore Wind, Yeong Guan Energy, and J&V Energy, announced on the 8th that "Formosa 5 Offshore Wind Power" passed the preliminary review of the Environmental Protection Agency's task force, becoming the first floating wind farm to obtain third-stage block development qualification. ...  more

Subsidiary of GEM Raises Hundreds of Millions of Yuan for Development of Battery Recycling Business

published: 2022-07-12 9:30
The last section of the power battery industry chain is battery recycling and material recovery, and it has been attracting much attention lately. To capture the huge potential business opportunities in this section, GEM’s wholly-owned subsidiary “Wuhan Power Battery Regeneration Technology Co. Ltd.” is raising capital from strategic investors in order to build facilities for processing decommissioned batteries. GEM is a major Chinese supplier for battery materials. ...  more