Electric vehicles have seen a record-breaking growth; Tesla's delivery figures broke records this Q2, while Chinese-owned companies NIO and XPeng reported similar performances in June. Brands are looking forward to Q3, Q4 figures, as the latter half of the working year, is traditionally peak season. With EVs' market penetration rate growing steadily, experts believe supply-demand will continue...

In a report released on Thursday, the Taiwan Association of Machinery Industry (TAMI) announced the export value of machinery and equipment in the first half of the year was valued at US$15.758 billion (TWD$444.508 billion), an annual increase of 27.1% in USD, and 19.5% in Taiwan dollars, both marking a record high for the same period in history. Exports of machinery and equipment have experience...

The electrical manufacturer TECO and power supply manufacturer Phihong announced that an MOU was signed between the two companies on Monday. The parties concerned included a three-way partnership: TECO's American subsidiary Westinghouse, Phihong, and U.S.-based energy group Getka Group's newly established Getka Manufacturing. The three companies will set up a manufacturing base in Oklahoma fo...

The resumed Taiwan-US TIFA talks have been invigorating domestic industries. Under this backdrop, Wong Chao-tung, chairman of the Taiwan Iron and Steel Association and China Steel Corporation (CSC), said with the steel industry as a part of the restructuring of the global supply chain, and with the U.S. promoting green energy infrastructure, Wong sees potential cooperation. Among the products ...

Taiwanese auto parts suppliers are preparing to see a surge in demand in Q3, prompted by warming auto demand in overseas markets and improving auto chip production. Suppliers are already reaping the benefits: LED auto lamp module maker LaserTech reported sustained revenue growth through consecutive months and expected to see similar performance in Q3 to Q4. Hota Industrial is experiencing an i...

Multinational electronics contract manufacturer Hon Hai Precision announced a partnership with Taiwan's electric scooter maker Gogoro on Wednesday, marking a significant advancement in terms of expanding business operations on both sides. Hon Hai will be in charge of OEM manufacturing for Gogoro by setting up factories in China and India, including scooters, Gogoro's battery-swapping system, a...

With machine tool market conditions recovering, coupled with strong market demand in China and Europe, the delivery time of linear slides and other transmission components have been extended, and orders for pneumatic components have outpaced supply-demand, according to media reports on Friday. Companies benefiting from this latest boom include Hiwin Group, AirTAC-KY, TBI Motion, and Chieftek P...

Domestic gas station chain company North-Star Petroleum is taking proactive measures to stake a seat in the booming electric vehicle market by charging in metropolitan parking lots. North-Star has announced an MOU agreement with domestic parking lot provider City Parking, which has 610 parking lots in Taiwan. Initial plans include setting up EV DC charging lots in popular parking lots and usi...

Formosa Plastics Group is slated for an electric vehicle (EV) launch through investment with the Formosa Plastics Transport Corps, supervised by Wang Wen-chao, a member of the Standing Committee of the Formosa Plastics Enterprise Management Center. The first EV truck prototype will be launched in July. Formosa Plastics Group has invested and obtained three key technologies for EVS, such as bat...

Hon Hai announced on Thursday evening that it had invested MYR$108 million (about NT$780 million) in the Malaysian technology company DNeX, holding 5.03% of the shares, which is equivalent to indirectly investing in the Malaysian 8-inch wafer fab SilTerra. The move is highly regarded as Hon Hai's furthering attempt to cement its status in the electric vehicle industry. Hon Hai announced that ...