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UK’s Hyperdrive Innovation inks battery tech deal with Taiwan’s Foxlink

Mon, 04/09/2018 - 11:51 -- John Shepherd
UK’s Hyperdrive Innovation inks battery tech deal with Taiwan’s Foxlink

UK lithium-ion battery tech firm Hyperdrive Innovation has signed a distribution deal to break into the Asian market through Taiwan’s Foxlink Group.

Sunderland-based Hyperdrive, which develops and manufactures technology for electric vehicles and energy storage systems, told BBB the deal is worth around GBP40 million over the course of the “long-term agreement”.

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