Foxlink will manufacture, sell and distribute Hyperdrive’s modular battery pack across Asia under the company’s intellectual property rights. The partnership is a further boost to Hyperdrive’s growth plans, with turnover already expected to double this year as a result of a growing customer base in off-highway vehicles, autonomous and industrial machines, and stationary energy storage.
Hyperdrive believes that its compact modular battery pack is a market leader in terms of energy density. The battery pack is readily available as a standard product, with integrated Battery Management providing flexibility to scale up systems for different applications. It enables manufacturers to make a swift transition to vehicle electrification and clean energy storage, avoiding the need for bespoke battery development and the significant investment and time this would entail.
Foxlink Group is based in Taipei, Taiwan, and is one of the world’s biggest manufacturers with revenues of almost $3 billion in 2016 and 63,000 employees as at the end of 2017. The company produces connectors, cable assemblies, power management devices and battery packs for some of the world’s leading makers of communications devices, computers and consumer electronics. The partnership between the two company’s gives Hyperdrive a strategic presence outside of Europe for the first time and opens up the Asian market for its world-leading technology.
As part of the agreement, Foxlink will set up a new manufacturing facility in Taiwan to replicate Hyperdrive’s existing facility in the UK. Foxlink will manufacture and distribute large volumes of its packs across the whole of Asia under the Hyperdrive brand.
“The agreement with Foxlink is a major development for Hyperdrive and means our world-leading technology can now be delivered globally” said Chris Pennison, CEO of Hyperdrive Innovation. “The support of such a major partner is a terrific endorsement of the quality of our technology. The agreement will give us a strategic foothold in Asia, one of the world’s fastest-growing regions and transform awareness of Hyperdrive. As well as being great news for us, it also shows the strength of the North East of England as a world-leader in battery technology.”
Mr Lingo Lin, General Manager of Foxlink Automotive, added that Hyperdrive Innovation has rich experience and high technology in the field.
Image: Hyperdrive International’s lithium-ion battery (Hyperdrive)
For additional information:
