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  • Taiwan defense stocks surge ahead of presidential election

    Taipei’s military, national defense, and aerospace stocks experienced notable performances in early trading as Taiwan’s presidential election approaches. AirAsia, Aerospace Industrial Development Corporation (AIDC), and Thunder Tiger stood out, attracting investor attention. With the United States reporting a slowdown in inflation growth, the market anticipates a lower probability of further interest rate hikes by the Federal Reserve (Fed). AirAsia reported a net zero profit for the first ten months of the year, with optimism in the commercial maintenance market. AIDC exceeded last year’s total revenue in the first ten months, aiming for its highest annual profit since listing. AIDC Chairman Hu Kai-hung is working towards enhancing Taiwan’s aerospace industry through the A-Team 4.0 alliance. Thunder Tiger is planning collaborations with domestic electric vehicle supply chains and aiming to introduce innovative solutions in the defense sector.
    2023/12/12 19:13
  • Hotai Motor reports 23,400 vehicle backlog amid sales dip

    Taiwanese distributor Hotai Motor, responsible for TOYOTA and LEXUS, reported a backlog of around 23,400 orders during an earnings call on Dec. 8. Despite an expected slight decrease in sales volume, the outlook remains optimistic. Hotai Motor dominates Taiwan’s auto market with a 33.3% share, as TOYOTA and LEXUS sold a combined total of 144,522 vehicles from January to November. The profit for the first three quarters was driven by the company’s core operations, particularly the more profitable LEXUS brand. With 19,000 pending orders for TOYOTA and 4,400 for LEXUS, the current order book suggests business for the next two months. Hotai Motor’s diversified investees, including Carmax, Hotai Finance, and Hotai Leasing, continue to grow. Hotai Insurance also experienced significant growth, except for the investing channel in China, which was affected by competitive pricing from domestic electric vehicle brands like BYD.
    2023/12/08 17:45
  • Bettii pauses studies for music, showcases strong skills

    Discover the story of 18-year-old rookie singer Bettii, who captivated audiences with her heartfelt rendition of "Seven" at a press conference. Inspired by her idol Jungkook from BTS, Bettii aims to evoke the same emotions in her music. After covering Jungkook’s song, she gained recognition from the K-pop star himself. Putting her education in Canada on hold, Bettii’s parents are supportive of her decision to pursue a singing career in Taiwan. The press conference showcased her multi-instrumental talents as she played the acoustic guitar, electric guitar, and piano. While her company doesn’t impose a dating ban, finding time to socialize remains a challenge. Standing at 168 centimeters tall, Bettii hopes to find a taller and conceptually compatible partner. She also admires the members of the K-pop group TOMORROW X TOGETHER (TXT).
    2023/12/07 20:18
  • Tainan proudly showcases net-zero efforts at COP28 event

    Discover the sustainable achievements of Tainan City in Taiwan as Director-General Hsu Jen-tse shares the city’s strategies for net-zero sustainability at the COP28 conference. Learn about Tainan’s initiatives to combat extreme weather, promote sustainable development, and achieve low-carbon adaptation. Explore their efforts in constructing an electric bus transport system and implementing smart parking solutions to reduce air pollution. With a focus on renewable energy, Tainan aims to become a solar-powered city with 4GW of solar panel installations. Additionally, the city is actively harnessing renewable water sources, projecting a future water supply of 83,000 cubic meters per day.
    2023/12/07 18:51
  • Thailand’s strategic appeal draws Taiwanese professionals

    Explore how the shifting dynamics between China and the U.S. are influencing multinational supply chains, leading Taiwanese professionals to seek opportunities in Southeast Asia, particularly in Thailand. Discover Thailand’s strategic advantages in labor and electric vehicle initiatives and Taiwan’s collaborative efforts.
    2023/11/29 09:37
  • Taiwan’s car market hits 18-year high in October sales

    Explore the soaring heights of Taiwan’s automotive market in 2023. From electric vehicle demand to the impact of the global chip shortage, discover the key drivers behind the near 18-year sales high and the evolving landscape of car brands in Taiwan.
    2023/11/28 09:34
  • Foxtron marks milestone with record n7 EV model pre-orders

    Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.
    2023/11/22 20:38
  • TSMC sees orders hike as October revenue hits record levels

    Taiwan Semiconductor Manufacturing Company (TSMC) predicts a surge in artificial intelligence (AI) orders in the coming year, with October’s revenue reaching NT$243.203 billion ($8.6 billion), a 34.8 percent monthly increase and a 15.7 percent annual increase. TSMC’s stock price has also been on a steady rise, accumulating a growth of 7.5 percent since November. Morgan Stanley semiconductor research analyst Charlie Chan attributes TSMC’s revenue growth to signs of recovery and the robust demand for AI semiconductors worldwide. NVIDIA’s expanded order to TSMC, along with increased demand from clients like Apple and Advanced Micro Devices (AMD), has led TSMC to accelerate the enhancement of its advanced packaging technology, Chip on Wafer on Substrate (CoWoS). CoWoS enables TSMC to effectively reduce costs and trim electric consumption by packaging chiplets on a silicon interposer and placing them on a package substrate. However, TSMC’s current CoWoS capacity remains a bottleneck for NVIDIA’s AI GPU chips, though the company forecasts a rebound in productivity by the end of 2024 to meet customer demand.
    2023/11/16 21:24
  • ASVDA to host talks on Taiwan-Japan industry ties and EVs

    Amid strengthening industry ties between Taiwan and Japan, ASVDA plans discussions on EVs and smart technology. Gartner predicts a significant rise in global EV shipments, while the IEA foresees a major shift towards sustainable energy.
    2023/11/13 20:32
  • TSMC sets recruitment record, plans over 1,000 hires in 2024

    Taiwan Semiconductor Manufacturing Company (TSMC) plans to recruit over 1000 young talents in 2024, aiming to reach new recruitment heights after hiring 1135 employees this year. As a dominant chip maker, TSMC is committed to being a top industry leader in providing electric power supplies and supporting Taiwan’s goal of achieving net-zero emissions by 2050. The recruitment process involves multiple stages, including writing and speaking tests, on-site reviews, and hands-on task evaluations. TSMC expects to fill 965 job positions across 16 disciplines, including electric power distribution, transmission, substation, electric engineering, machinery, civil engineering, and integrated administration. The company also aims to offer 40 positions for applicants with physical and mental disabilities. Preliminary exams will be held in Taipei, Taichung, Kaohsiung, and Hualien on May 12 next year. Successful candidates will be offered a starting salary of around NTD$ 32 thousand. TSMC encourages the public to apply for these positions and contribute to maintaining a stable and sustainable power supply for Taiwan’s future.
    2023/11/13 20:10
  • Taiwan’s CPC Corporation plans hydrogen station expansion

    Explore Taiwan’s latest steps in green energy: setting up hydrogen refueling stations and CPC Corporation’s plan to build Kaohsiung’s first hydrogen station. Discover how these initiatives align with Taiwan’s 2050 Net-Zero Transition Strategy.
    2023/11/13 18:07
  • Taiwan’s e-scooter company faces battery compatibility issue

    Learn about Taiwan’s commitment to achieving 100% electric scooter sales by 2040 in the fight against climate change. Discover the transportation policies of presidential candidates and the challenges faced in the e-scooter market.
    2023/11/08 18:13
  • Taiwan and Germany boost industrial ties: Jörg Polster

    Explore the deepening industrial relationship between Taiwan and Germany as German Institute Taipei Director-General Jörg Polster praises the long-standing ties. Following TSMC’s announcement of its first European factory in Germany, Polster emphasizes mutual growth opportunities and highlights plans for student exchanges in 2024.
    2023/10/27 19:35
  • Pre-IPO event highlights Foxtron’s tripling revenue

    Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry Co., Ltd., announced that its revenue has tripled compared to last year, indicating promising future growth. The company’s electric bus, Model T, has received overwhelming orders exceeding its production capacity, while its first passenger car, Model C, has been adopted by Luxgen Motor Co., Ltd. with orders surpassing 8,000 units. CEO Andy Lee envisions complete electrification of public buses by 2030, anticipating significant growth for Foxtron products in the coming years.
    2023/10/23 17:34
  • Taiwan anticipates AI boom after ’AI Godfather’ visit

    Taiwan is abuzz with excitement as "AI Godfather" Jensen Huang’s return is anticipated, sparking a surge in interest in artificial intelligence (AI) and electric vehicle technology. Huang, NVIDIA’s CEO, has refrained from confirming rumors of his return in mid-October for Hon Hai Tech Day 2023.
    2023/10/06 14:17
  • 夏威夷野火110死「慘況宛若911」!州長將查電線走火

    美國夏威夷州(Hawaii)茂宜島(Maui)本月初發生當地史上最嚴重的自然災害,州長葛林(Josh Green)16日在記者會上表示死亡人數已攀升至110人,接受媒體訪問時也坦言「慘況像是會在戰爭或911事件中見到的一樣」,至於先前傳出起火原因疑似是「夏威夷電力」(Hawaiian Electric)的電線被強風吹倒,當局也將追查細節。
    2023/08/17 11:11
  • Taiwan EV scooter brand teams up with Japanese retailer

    A Taiwanese electric scooter brand introduced on Monday (July 31) a new scooter and accessories in collaboration with a Japanese retailer under the concepts of sustainability and simplicity.
    2023/08/02 19:16
  • Taiwan accelerates electric vehicle charging investments

    Taiwan is making strides toward achieving net-zero emissions by 2050, including the ban on fuel-powered cars by 2040. As a result, the electric vehicle market is growing rapidly, and there is an increasing demand for more charging stations to support this trend.
    2023/07/25 17:06
  • 加拿大電動車公司改造「軍用悍馬」 馬達竟來自特斯拉

    等待多時,Tesla第一輛Cybertruck終於在美國德州工廠下線,但是由於訂車的人數眾多,所以真的要交到所有消費者手上勢必還得再等一段時間。同樣的,Hummer EV電動悍馬也是有著供不應求的狀況,要拿到車也不是那麼容易。對此,來自加拿大的North American Electric Vehicles電動車公司,打算用1991年出廠的AM General Humvee,改造成電動車H1EV。
    2023/07/19 15:47
  • Taiwanese turn to portable electric fans to beat the heat

    The Central Weather Bureau (CWB) has issued heat warnings for seven cities and counties in Taiwan, emphasizing the urgent need for preventive measures against the scorching temperatures. To beat the blistering heat, many people in Taiwan have resorted to utilizing portable electric fans while venturing outdoors.
    2023/07/13 17:28
  • Foxconn to invest US$250M in Vietnam beyond iPhone assembly

    Hon Hai Precision Industry Co., also known as Foxconn, announced plans on Tuesday (July 4) to invest approximately US$250 million in setting up two new component factories in northern Vietnam. One of the factories will specialize in producing components for electric vehicles (EVs), signaling Hon Hai’s continued diversification into the EV industry.
    2023/07/04 11:03
  • New Taipei adopts fire blankets to combat electric car fires

    New Taipei City Fire Department has recently acquired 16 fire blankets to enhance their firefighting capabilities when dealing with electric vehicle (EV) fires. The move comes in response to the growing concern over the potential dangers posed by these fires, which can reach temperatures as high as 900 degrees Celsius. 
    2023/06/26 17:25
  • All 1,700 KYMCO dealers to offer e-motors services by 2025

    KYMCO revealed major accomplishments on June 19 that the electric vehicle(EV) Ionex brand of the Taiwan-based automaker is the country’s largest battery swapping network, and announced its plan to upgrade all KYMCO dealers to KYMCO-Ionex dealers.
    2023/06/20 18:11
  • PEGATRON chairman highlights future EV, 5G, 6G applications

    PEGATRON chairman and CSO, T.H. Tung, shared firsthand industry outlook at the shareholders meeting on Thursday (June 15), and felt optimistic about the future development of electric vehicles (EV), 5G connectivity, and potentially 6G technology. Stressing that business cycle changes every one to two years, Tung observed that industrial innovations derived from existing products and services, which is why he thinks EV, 5G, and even 6G will “undergo transformative changes in the future, presenting challenges and opportunities for the company.”
    2023/06/15 17:31
  • ProLogium unveils plans for first gigafactory in France

    Taiwan’s leading electric vehicle battery maker ProLogium has announced plans to build the first overseas gigafactory in Dunkirk, northern France. The founder and CEO of ProLogium, Vincent Yang, stressed the intention to keep its roots in Taiwan has not changed but expressed hopes to continue expansion across Asia on Friday (June 9).
    2023/06/09 18:45
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