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Formosa Smart Energy Tech builds domestic battery chain, breaks ground on Taiwan's largest battery cell plant

Janet Kang, Changhua

Apr 17, 2023, 14:00 0

Formosa Smart Energy chairman Sandy Wang (left) and president Liu Hui-chi. Credit: DIGITIMES

Formosa Smart Energy Tech (FSET), the sixth largest company under the Formosa Plastics Group, announced that it has invested over NT$16 billion (US$524 million) through its subsidiary Formosa AdvEnergy to build the largest 5GWh lithium-iron phosphate battery...

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