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Friday 14 May 2021
Highlights of the day: Foxconn, Fisker strike deals for EV
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.
Friday 14 May 2021
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.
Wednesday 12 May 2021
LFP batteries see rising material costs
Material costs for LFP (lithium iron phosphate) batteries have been rising amid strong demand for them, according to China-based media reports.
Monday 10 May 2021
FII steps into EV components
Foxconn Industrial Internet (FII), a server and industrial communication/networking device maker, has stepped into development and production of components used in electric vehicles (EVs) in line with Foxconn Electronics' EV business.
Thursday 6 May 2021
Europe urged to install 3 million public charging piles by 2030
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).
Wednesday 5 May 2021
Thailand car sector exports up 43.11% on year in March
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.
Wednesday 5 May 2021
South Korea ranks third in Indonesia 1Q21 FDI
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.
Thursday 29 April 2021
Teras Marine works with K2 Management for offshore wind farm development
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).
Friday 23 April 2021
Highlights of the day: TSMC to expand capacity in China
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.
Friday 23 April 2021
Gogoro taps India market via 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.
Thursday 22 April 2021
Green energy to support Taiwan economy, says TIER executive
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).
Tuesday 20 April 2021
Foxconn to adjust business at Wisconsin plant
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.
Tuesday 20 April 2021
Delta Electronics works with gas stations to set up EV charging network
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.
Tuesday 20 April 2021
Teco eyes PM generators in offshore wind farms
Teco Electric & Machinery has signed cooperative framework agreements with international offshore wind farm developers and makers of PM (permanent magnet) generators for supply of stators and rotors, according to Teco.
Monday 19 April 2021
China, Korea battery makers building plants in Europe, US
Major Chinese and South Korean makers of EV-use lithium batteries have been setting up plants in Europe and the US respectively, encouraged by the region's strong plicy support for new energy cars.
Monday 19 April 2021
China sees strong sales for new energy cars in March
China-based makers produced 216,000 new energy vehicles and sold 226,000 units in March 2021, rising 2.5 times and 2.4 times respectively on year, according to China Association of Automobile Manufacturers (CAAM).
Friday 16 April 2021
Mobiletron expects electric bus revenue proportion to reach 30% in 2021
Automotive electronic component maker Mobiletron Electronics expects the proportion of sales from electric buses to rise from 13.5% in 2020 to 30% in 2021, according to company chairman Kim Tsai.
Thursday 15 April 2021
China LFP battery makers not hiking prices despite rising material cost
China-based LFP (lithium iron phosphate) battery makers, despite increases in material cost, are willing to maintain quotes at current levels by absorbing such increases themselves, according to China-based media reports.
Thursday 15 April 2021
Taipei AMPA and Autotronics Taipei 2021 kick off
Taipei AMPA (Automobile and Motorcycle Parts and Accessories) and Autotronics Taipei are being held from April 14-17 with a total of 380 exhibitors showcasing their latest automotive components, car electronics, electric vehicles (EV) and IoT innovations.
Wednesday 14 April 2021
ITRI to help form car components ecosystem in southern Taiwan
Government-sponsored Industrial Technology Research Institute (ITRI) will in 2021 begin a project aiming to form an ecosystem in southern Taiwan for compound semiconductor-based automotive power electronics, according to Wu Cheng-wen, senior vice president for ITRI.
Wednesday 14 April 2021
Teco invests in ZEPT
Teco Electric & Machinery has acquired a 25% stake in ZEPT, a Taiwan-based startup that develops powertrain modules used in electric vehicles (EVs), for cooperation in developing EV-use power systems and tapping corresponding markets.
Wednesday 14 April 2021
Taiwan starts self-driving open road test
Taiwan has started testing self-driving vehicles on open roads, accrding to the Ministry of Economic Affairs (MOEA).
Tuesday 13 April 2021
SYNergy to expand production capacity
Lithium-ion polymer battery maker SYNergy ScienTech has disclosed it will expand monthly production capacity for soft-package batteries by 25% to 4.77 million units, and button cells from 150,000 to 450,000 units in third-quarter 2021.
Tuesday 6 April 2021
EV charging pile suppliers to benefit from US infrastructure project
Taiwan-based suppliers of charging piles see huge opportunities from the US government's latest US$2 trillion infrastructure expansion that includes the electric vehicle (EV) sector.
Tuesday 6 April 2021
Taiwan promoting electric buses in public transport
Taiwan's Ministry of Transportation and Communications (MOTC) has set aside a budget of NT$8.5 billion (US$299 million) for 2021-2024 to promote development and production of electric buses, and use of such buses in public transportation.