Page 30 - TTG-Taiwan Transportation Equipment Guide 2023-04 Edition

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Industry News

Application of ICT in EVs grants Taiwanese ICT firms tremendous opportunities amid the EV trend.
among other countries to the development of the car body parts, electrical parts and tires, for high
EV industry. quality, durability and competitive prices, widely
Also doing its utmost to contribute to reduction of accepted by carmakers and aftermarket users in
vehicle’s emission, or maintain its leading status as North America and Europe.
the world’s largest EV market, China has decided
to put aside over RMB1 trillion in the next decade The updated statistics compiled by Taiwan
starting 2023 to build pole-mounted charging Transportation Vehicle Manufacturers Association
stations in the country, with an attempt to improve (TTVMA) show that Taiwanese suppliers exported
a ratio of government-funded charging stations to auto parts worth NT$220.8 billion in 2021, a zenith
public EVs to 1:1. Worth mentioning is that China for all time, and NT$187.1 billion for the first nine
reported the number of charging stations for new- months of 2022, representing an increase of 15.17
energy vehicles at 5.2 million as of the end of 2022, percent compared to the same period of a year ago.
including 1.8 million officially established, which Of the Taiwanese manufacturers, some unsung
suggests an above-mentioned ratio of 1:2.42 heroes have effectively tapped a supply chain of
global EV brands as tier-1 suppliers.
Taiwanese Suppliers are Unignorable
In the meantime, ever more Taiwan’s ICT
To global carmakers committed to the companies are dedicated to exploring the global
development of EVs, Taiwanese suppliers are EV market, mainly because such vehicles call for
definitely unignorable, simply because the island more electronic components and better network
has well-established industries of auto parts and connection and system integration to produce and
ICT (information and communication technology) offer drivers greater experience and safety with an
and can offer their needed resources to help reach advanced driver assistance system and so forth.
the last mile. Also notable is that starting with TSMC (Taiwan
Semiconductor Manufacturing Co., Ltd.), Taiwan’s
Taiwan has been renowned as one of the world’s wafer and semiconductor makers have also wielded
most important manufacturing bases of auto parts, their unparalleled influence over the global supply
with its auto lamps, bumpers, rear-view mirrors, chain of chips for use in vehicles.

Taiwan provides a full slate of auto parts for carmakers and the aftermarket segment as one of the
world’s best-known supply sources.