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September 29, 2021

Hon Hai developing fast charging durable EV battery

Another new EV battery development as the technology continues to evolve.

By Graeme Roberts

Taiwan’s Hon Hai Precision Industry Company said it was developing a fast charging, long lasting electric vehicle (EV) lithium iron phosphate battery that uses new developments in anode materials.

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The company, also known as Apple’s leading contract manufacturer Foxconn, signed a memorandum of understanding (MOU) with three local materials suppliers including Giga Solar Materials Corporation, Long Time Technology Company and China Steel Chemical Corporation to “accelerate the development of anode materials for the next generation of made in Taiwan EV batteries”.

Hon Hai said the new batteries use mesocarbon microbeads (MCMB) supplied by China Steel Chemical manufacturers, silicon oxide produced by Giga Solar oxide and artificial graphite from Long Time Technology.

According to Hon Hai, China Steel Chemical is the world’s largest manufacturer of MCMBs and has a strong upstream supply chain and proprietary manufacturing technology. Hon Hai has stakes in both Long Time Technology and Giga Solar Materials.

The MoU stated: “We anticipate our partnership will help Hon Hai establish a strong presence in the global EV battery supply chain, to become widely used in electric vehicles, electric buses and battery storage systems.”

Hon Hai said the first application for the new lithium iron phosphate batteries would be in the E Bus it is scheduled to produce in partnership with Kaohsiung Bus Company from 2023, using Foxtron’s MIH commercial vehicle platform.

Hon Hai, through its Foxtronn EV division, is looking to establish itself as an EV contract manufacturing company and has developed its own modular EV platform and related supply chain to offer its business partners.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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