Foxlink will produce Hyperdrive packs under licence in a new manufacturing site in Taiwan, as the Sunderland firm eyes triple-digit growth
UK-based li-ion battery manufacturer Hyperdrive Innovation has new plans to crack Asia.
April 3 saw the company announce a long-term agreement with Foxlink Automotive Technology. Foxlink Group will manufacture, sell and distribute Hyperdrive’s modular battery pack under Hyperdrive’s IP rights across Asia.
The partnership will help the UK manufacturer establish its first presence outside of Europe. Based in Taipei, Foxlink produces connectors, cable assemblies, power management devices and battery packs for major producers of communications devices, computers and consumer electronics.
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 announcement follows the conclusion of Hyperdrive’s major collaboration with Nissan, which was completed in late February. Alongside academic backers, Nissan participated in the High Energy Density Battery (HEDB) project, under which the partners designed a new universal, modular energy storage system and installed a pilot line for prototyping and pack assembly at Hyperdrive’s facility in Sunderland.
The project also helped the uptake of 40kWh packs in the carmakers LEAF models, and led to a commercial agreement which allows Hyperdrive to incorporate Nissan battery cells into modular and bespoke systems.
The company says its new partnership with Foxlink will spur its growth plans, and that its turnover is already expected to double this year as a result of growing pack orders for off-highway vehicles, autonomous and industrial machines, and stationary energy storage.
Hyperdrive Innovation CEO Chris Pennison added: “The agreement with Foxlink is a major development for Hyperdrive and means our world-leading technology can now be delivered globally. 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.”