Lithium iron phosphate batteries to dominate EV market in 2024: TrendForce
(2022/04/19)Impacted by the rising prices of raw materials for electric vehicle power batteries, in the first quarter of this year, many global new energy vehicle brands, including Tesla, BYD, Weilai, Ideal, and Volkswagen, are forecasted to raise the sales prices of EVs. TrendForce says power batteries are
LC Fuel Tank`s new factory ushers in a new era
(2022/03/30)LC Fuel Tank is a reputable fuel system maker, providing over 1,500 molding(s), fuel tanks, fuel filler pipes, gas tank straps, fuel sending units, and oil pans for the engine system. The company has acquired the strictest quality certifications for OEM automotive manufacturing and has become one o
EV charging points must scale up to meet EV demand
(2022/03/30)In the carbon-neutral era, transportation plays a huge role in reducing carbon emissions. However, public infrastructure has yet to keep up with the times. For instance, electric vehicles (EV) are highly lauded as a money-saving and pollution-cutting option, there is still a shortage of charging po
Taiwan must seize opportunities in 2022 and beyond in auto parts and EV
(2022/03/29)Editor's Notes: As the past two years have shown, the overall discussion of climate change, policies, and improving technologies have spearheaded transformations in the automobile industry, namely by the increasing demand for electric vehicles (EV). In this year’s April edition of the Taiwan Trans
Taiwanese suppliers to tap into increased global market demand amid tighter conditions
(2022/03/29)While many industries in Taiwan experienced a boom in orders, parts of the world saw shortages and repair services unable to meet demand due to disrupted supply chains since the pandemic began in 2020. Overall, research studies and experts expect similar tight conditions going into 2022, and could
Change on the menu for automotive trends, yet disrupted supply chains pose challenges
(2022/03/29)After two years of the COVID-19 pandemic and the world grappling with Russia’s invasion of Ukraine that began on February 24, supply chain disruptions that have derailed many industries are forecasted to continue well into 2022, amid a myriad of trends and problems. In this section, we discuss indu
Auto terminal and EV charging gun maker notes optimistic market ahead
(2022/03/28)Electrical terminal, wiring and connector maker K.S. Terminals Inc. expects order visibility to reach Q2, amid strong growth in the EV market as reported at its earnings call last week. The company is looking at two-digit growth for this year's goal, eying significant demand from green energy sel
Nickle prices at all-time high amid stainless steel price hike for Feb.
(2022/01/24)Walsin Lihwa announced significant price hikes measures going into February for 300 series stainless steel; for domestic sales, prices per ton would be increased NTD$6,000, while outbound stainless steel would see a USD$200 per ton increase. 400 series stainless steel prices will remain at the thre
Export growth expected ahead of 2021 report card release on Jan 20
(2022/01/18)Hopes are high for Taiwan's export performance for December and the entirety of 2021, reported the Ministry of Economic Affair's Department of Statistics. Export figures are scheduled to be released by the Statistics Department on Jan. 20. Initial estimations show export order value in December
Auto LED industry value to see YoY growth over 30%: TrendForce
(2021/12/15)The latest report on 2020 to 2021 global automotive LED products released by TrendForce featured figures on how the global LED headlights now make up over 60% of the market in 2021, with permeability rates in the NEV field over 90%. With the automotive market ramping up deliveries and increasing ad
Growth slows as October PMI sees slight rebound to 58.3: CIER
(2021/11/01)Chung-Hua Institution For Economic Research (CIER) announced October's Purchasing Managers' Index (PMI) of Taiwan's manufacturing industry today, which increased slightly by 0.5 to 58.3 after two months of decline. CIER President Chang Chuan-zhang said that although the PMI index has expanded f
Airfreight delivery of auto parts could become a fixture
(2021/09/23)Auto parts suppliers relying on air freight to make timely deliveries could become a common practice in the future, industry watchers say, as the COVID-19 pandemic has disrupted the world's supply chains. As sea freight congestion has made deliveries unreliable, auto parts and even newly produc
SEA`s eases strict COVID-19 lockdown as economic issues ripple through supply chain
(2021/09/13)Media reports say that prolonged restrictions in Southeast Asian countries have taken a toll on their economies due to the Delta variant-fueled COVID-19 outbreak. Governments have begun reopening their economies despite the surge of COVID-19 cases and lack of containment, largely blamed on the
Construction cost index increase at all-time-high
(2021/09/11)Construction demand is at an all-time high, even amid rising prices and shortages of materials. The Directorate General of Budget, Accounting, and Statistics under the Executive Yuan released its latest statistics on Friday, indicating that the August Construction Cost Index (CCI) increased 13.57%.
Taiwan`s Machinery Industry Hindered by Supply Chain and Pandemic Issues
(2021/09/09)The machinery industry in Taiwan has been experiencing a five-month consecutive growth in the double-digits as of Taiwan Association of Machinery Industry's (TAMI) statistics released in June, rounding up the export value at USD$13.167 billion, a 27.5% annual growth. Figures indicate that the growt
Vietnam steel market setback only short-term: China Steel
(2021/09/02)The steel markets in Vietnam and Malaysia have been severely impacted by the COVID-19 surge in Southeast Asia. China Steel experts say while demand exists, it remains overshadowed by the pandemic. A strong rebound is expected once the outbreak lets up, they say. Lockdown restrictions on Ho Chi M
Expect hybrid events in the future: survey
(2021/08/30)Amid the Delta variant-fueled outbreaks going around the world, event organizers, exhibitors, and marketers hoping for the return of in-person events in the fourth quarter should be According to a SearchEngineLand article, their survey of marketing professionals this summer indicated a 50% chan
What`s In Store for Auto Industries
(2021/08/12)The global economy has been tentatively opening up amid increasing vaccination rates. However, as of writing, several factors could stem attempts to resume the path towards pre-COVID economic levels. Among them are the previously-mentioned shortages of crucial semiconductors, raw materials, shippin
LC Fuel Tank`s long-term partnerships ease impact from shortages and rising prices
(2021/08/12)LC Fuel Tank, based in Taiwan, was undeterred by the outbreak last year and continues to maintain the same pragmatic attitude throughout 2021. As Taiwan saw its own localized spread of COVID-19, the company imposed its own rules to minimize social interactions and maximize business operations. F
ASEAN-bound exports hit all-time high
(2021/07/21)The Economic Ministry Department of Statistics' latest statistics showed a booming performance for export orders in June, specifically from the ASEAN region, amounting to a record-breaking USD$5.45 billion and an over 40% annual increase. The government report also highlighted that major export
CNFI: 60% domestic companies report profit, order loss
(2021/06/16)Chinese National Federation of Industries (CNFI) Chairman Wang Wen-yuan reported a pessimistic situation among companies in the traditional industries, stating how the pandemic has hindered companies from continuing operations properly. In the report outlining how the recent COVID-19 outbreak im
TrendForce: 2021 Lighting LED industry value growth to hit approx. 3.43%
(2021/05/26)TrendForce's LED Global Supply Chain Database report indicated an overall upward trend of prices for LED products, rising by 0.3~2.3% in Q2 this year. This is mainly due to the full recovery of LED lighting market demand since the first quarter, and this high is slated to continue into Q2. On th
Gov`t to work with semiconductor industry in ensuring stable chip supply
(2021/05/19)Amid Taiwan's COVID-19 outbreak, the Economic Ministry addressed concerns over whether the current situation would impact the semiconductor industry, stating that the government will assist companies in ensuring protocols are in place in the case of employees contracting the virus. The Economic M
Hardware, hand tools industries accelerate modernized factories
(2021/04/27)Many traditional manufacturing sectors are experiencing the squeeze as the global industry accelerates towards a smarter, digitalized production process. This includes the hand tools and plumbing sectors, both as traditional as industries can be. In Taiwan, companies in these industries tend to be
Lucrative auto IC market to become next blue ocean
(2021/04/27)Following PC and smartphones, auto electronics is the new in-demand sector that is fueling the semiconductor business. While the entry benchmark for auto IC is much higher than consumer electronics, mainly due to rigorous safety standards, client orders are often more stable and consistent with bet
Chinaplas 2021 to Kick Off Amid Industry Breakthroughs
(2021/04/12)Taiwan's industrial production has maintained a steady growth since it rebounded last year, as the world had gradually opened up after almost a year of the COVID-19 pandemic. For instance, the island's Ministry of Economic Affairs had reported that industrial production growth in February rose
Electric and traditional bicycle sectors expect continual growth post-COVID
(2021/04/08)Taiwan's electric and traditional bicycle exports in February saw significant YoY growth, marking a 7% uptick in the first two months of 2021, and signifying that international demand is returning. Market expectations regard Q2 favorably, expecting the container shortage that led to rising cost
CIER: March PMI sees slight decline, marks continuing 5-month growth
(2021/04/01)Chung-Hua Institution Economic Research (CIER) released Taiwan's PMI score for March on April 1, arriving at a 62.7 on its report card, and marking a five-month consecutive expansion momentum above 60.0. Though, March would also signify a two-month consecutive slight decline in terms of expansion,
Chip shortage puts Taipei AMPA and EV trends into the spotlight
(2021/03/30)Amid a global crisis of auto chip shortages, the accelerating trend of adapting electric vehicles (EV) and self-driving cars, the Taiwan External Trade Development Council (TAITRA) is gearing up to kick off Taipei AMPA and Autotronics Taipei on April 14 at the Nangang Exhibition Center Hall 1.
Digitalization, Electric Vehicles, Autonomous Driving
(2021/03/26)In the "Global Digital Automotive Trend Report" released by PwC Taiwan in mid-January, the firm indicated that the automotive industry is now at a crossroad, anticipating that significant synergy will buoy the automotive IoT and electric vehicle (EV) markets in the next decade. However, amid the CO