Global High-End Lithium Iron Phosphate Battery Maker Eyes Auto New Energy Market

Global high-end lithium iron phosphate battery maker Aleees saw a rebound in YoY growth, as its combined revenue in November hit NTD$15 million, indicating resumed demand and further increasing its investments in new energy solutions for automotive use.

Aleees remarked that the firm is currently replacing its automotive lead-acid batteries with the new lithium iron phosphate options, having begun small-volume manufacturing of energy storage batteries.

According to the European Automobile Manufacturers Association's statistics, new passenger car registration in September finally hit last year's levels in the EFTA trade region at 1.3 million units. While the winter surge of the COVID-19 outbreak has hindered the economy in October, registered units hovered around 1.13 million cars, indicating that the pandemic impact has lessened on the industry than the first half of 2020.

Aleees also obtained certification from Japan's top three home-use energy storage battery firms, prompting small-volume production and expects to enter mass production next year. The pandemic delayed production progress. However, operations saw renewed growth in the latter half of this year.

While Aleees' mainly exported to Europe, Japan, and South Korea, those seeking to replace its traditional automotive lead-acid batteries are based in the European region. The trend is followed by European auto brands releasing new, upgraded car models this year, prompting stable delivery for brands using Aleees' batteries.

However, the second-wave of the pandemic has renewed worries as several governments in Europe have re-imposed restrictions, prompting a more passive outlook towards the auto market's future.