Global market intelligence firm IDC's "Global Autonomous Vehicle Forecast Report for 2020 to 2024" has pointed out that L1 to L5 autonomous vehicles could see an 18.3% CAGR within this time frame. As industry trends have become clearer over the years, not only global, well-known auto brands like Tesla, Audi, Mercedes Benz, BMW, and Ford have been proactively investing in autonomous technology, ev...

The Taiwanese-made and designed WinBus is among the front-runners in the domestic autonomous electric vehicle scene, first unveiled to the public in the summer of 2019. Created by the Automotive Research & Testing Center (ARTC), WinBus is an SAE Level 4 e-bus fully designed and manufactured by Taiwanese suppliers, ARTC promotional engineer Joe Tu said. The self-driving e-bus is a moving platform ...

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...

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...

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...

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 ...

The Ministry of Economic Affairs (MOEA) is slated to announce new virus prevention guidelines for domestic companies to follow in light of COVID-19 clusters breaking out in chip factories. The flurry of measures and urgency towards the latest cluster is largely due to the increasing cases linked to migrant workers working at King Yuan Electronics factories in Miaoli County. The new operati...