GUS Technology opens $4 bn EV battery in Taiwan

By Editor


GUS Technology held the opening ceremony of Taiwan’s first battery Gigafactory in Jhongli Industrial Park on April 26.

GUS Technology, which focuses on lithium titanate (LTO) and NCM material systems, has entered into the design, development, and manufacturing of battery modules for EVs and energy storage since the end of 2019. The investment in the construction of the Jhongli gigafactory has reached NT$4 billion.

The gigafactory is expected to create more than 250 job for the local population after its launch.

CC Chang, chairman of GUS Technology said: “GUS Technology has enabled Taiwan to secure a key position in the international energy market with its high-end and customized R&D capabilities. The world will soon see Taiwan’s battery R&D innovation and manufacturing strength.”

GUS Technology also announced the signing of a Memorandum of Understanding (MOU) with several international partners, including an MOU with Echion Technologies of the UK, and another MOU with Beyonder of Norway and Midwest Energy Pvt of India, respectively.

GUS Technology said the gigafactory is planning to start production in the third quarter of 2023, and the production capacity will grow from 250MWh to more than 1GWh in the second quarter of 2024.

GUS Technology’s new facility has two buildings, a main production base to manufacture lithium battery cells, and a R&D center that is mainly responsible for the technology development of new generation batteries.

In addition, the gigafactory implements energy saving and carbon reduction measures and adopts a green and low-carbon emission plan, allowing the improved equipment in the gigafactory to save more than 70,000,000kWh of electricity annually.

The gigafactory has a wastewater recycling mechanism to effectively save water resources. Finally, the gigafactory area conducts strict carbon footprint inspections to meet international standards in order to contribute to environmental sustainability, GUS Technology said.

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