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China records sales of 3.52 million NEVs in 2021; Nidec increases machine tool output in China; TSMC adjusts plans for Baoshan R&D center

Tom Lo, DIGITIMES Research, Taipei 0

TSMC adjusts plans for Baoshan RD center

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This Asia tech industry summary will mainly focus on sales of new energy vehicles (NEVs) in China increasing by 160% on year to reach 3.52 million units in 2021, Nidec's subsidiary setting up a new factory in China to increase its machine tool output for electric vehicles (EVs), and TSMC adjusting plans for its Baoshan R&D center to keep up with large orders from Intel.
Price: NT$14,000 (approx. US$500)
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