Wang, FEMTC's chairperson, pointed out that increasingly more orders from makers of e-scooters, e-cars and e-buses on both sides of the Taiwan Strait have been received.
FEMTC operates an 8,580-meter cathode-material factory in southern Taiwan's Changhwa with maximum monthly capacity of 400 tons, or total output of about 5,280 tons if including capacity at local partner Changes Ascending Enterprise Co., Ltd.
FEMTC is also cooperating with partners in Taiwan, South Korea and China to construct zero power-consumption houses in the three places, with each house requiring about 300 kgs of cathode materials for energy-storage.
Chery has been aggressively developing EVs, hence possibly allowing FEMTC to profit considerably if given a chance to supply the battery material.
Industry insiders say that FEMTC's parent group Formosa Plastics Group (FPG) asked executives of Prince Motors in Taiwan, Chery's vehicle-assembly partner on the island, to help access Chery's top people.
FEMTC, a joint venture between FPG and Changes Ascending Enterprise Co., Ltd.
Previous news reports say that FEMTC's anode material is patented in the USA, and the maker is applying for patents in Japan, Korea, Taiwan, China, India, Canada, Russia and Europe.