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May 14, 09:37
Fisker, Foxconn sign pacts for development of sub-US$30,000 EVs
Fisker, a developer of electric vehicles (EV) and mobility solutions, has announced it has signed framework agreements with Foxconn (Hon Hai) Technology Group for joint development of EVs that will enter the market with starting prices under US$30,000, with manufacturing to start in the US from fourth-quarter 2023.
Foxconn has made another step towards developing more affordable electric vehicles. The EMS giant has just struck deals with California-based Fisker for the development of EVs with starting prices under US$30,000. Meanwhile, the global top-5 notebook brand vendors' combined shipment slipped in May due to component shortages, according to Digitimes esearch's latest figures. But ODM Quanta Computer expects its notebook shipments to stay robust in second-half 2021.
As governments in many European countries have set deadlines for banning sales of new fuel cars and the EU will tighten carbon emission standards, European Automobile Manufacturers' Association (ACEA) has recommended the number of public power charging piles around Europe be increased to one million in 2025 and three million in 2030 to meet growing demand for electric vehicles (EVs).
Thailand saw exports for automobiles and automotive components grow 43.11% on year in March and 23.76% in first-quarter 2021, according to local media reports.
South Korea became the third largest origin country in terms of direct foreign investment (DFI) in Indonesia in first-quarter 2021, during which Hyundai Motor began construction of an electric vehicle (EV) plant there.
Establishment of floating PV power stations and rooftop systems is booming in Singapore and Vietnam, according to local media reports.
Taiwan-based Teras Marine Services has teamed up with K2 Management A/S, a Denmark-based engineering and management consultant for renewable energy development projects, for designing offshore transformer stations and undersea cables as well as providing management services for an offshore wind farm being developed by state-run Taiwan Power Company (Taipower).
TSMC has allocated a budget of almost of US$3 billion for expanding capacity of mature process technology. But until the capacity comes on line, mature process capacity will remain tight throught at least year-end 2022. Tight foundry capacity, along with rising quotes for fab services and materials, has been disrupting order placements by IC designers. MCU vendor Holtek has recently stopped taking orders from clients for 2022 until it gets a clearer picture of the size of foundry support it will get. The EV market is picking up momentum fast. Taiwan-based electric scooter vendor, Gogoro, which has seen significant success in the local market, is entering India by striking up a partnership with Hero MotoCorp.
Taiwan-based electric scooter vendor Gogoro has announced a strategic partnership with India-based Hero MotoCorp for setting up a joint venture to operate battery-swapping Gogoro Network and develop electric motorcycles and scooters for sale in India.
Green energy will become an economical low-carbon energy system to better efficiency in power usage and support Taiwan's economy in the future, according to Chen Yen-haw, a deputy general director at Taiwan Institute of Economic Research (TIER).
Foxconn will continue to invest in Wisconsin but will look for suitable business sectors there, according to company chairman Young-Way Liu in response to the firm's decision to downsizing its manufacturing plant - originally meant to be an LCD fab - in the US state.
Delta Electronics has announced a deal with North-Star Petroleum to install electric vehicle (EV) charging piles at the latter's 57 gas stations around Taiwan, with operation to kick off by year-end 2021.