These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
Benefiting from the surge in global bicycle demand amid the COVID-19 pandemic, Giant Bicycles announced on Thursday that the company earned NT$5.623 billion in consolidated revenue for February, an annual increase of 42.12%. Fellow bicycle maker Merida reported NTD$2.699 billion, a yearly increase of 60.91%. According to Giant's statistics, the accumulated consolidated revenue from January to ...
Tesla's declining prices indicate that the autonomous vehicle sector is entering the second stage in terms of product development, in which companies would roll out less expensive products to increase market share, writes distinguished professor Lu Hsi-peng in this week's opinion commentary published on Economic Daily News. He is teaching at the National Taiwan University of Science and Technolog...
The domestic machine tool industry's improving outlook and increase of short-term, urgent orders has prompted sector experts to revise export figures this year. Taiwan Machine Tool and Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien highlighted the sudden increase of orders has factories loaded to capacity for Q2. The association met on Thursday to revise the industry export's ou...
NEV saw record-high sales in the final two months of 2020, TrendForce reported, signaling a yearly growth of 4.3% with 2.9 million units sold. Judging the current trends, TrendForce expects to see sales figures hit 3.9 million units this year. However, such forecasts are still up in the air as the shortage of automotive chips has made producing vehicles difficult. For the BEV market, Tesla...
Media reports indicate that the traditional AM auto parts market is seeing a bounceback despite the global trend of developing electric cars. AM companies have said many global auto suppliers have been moving towards the electric vehicle sector, though the market for repairs in the "old-school" auto market still exists. A change in auto parts clients' product demand shows that auto companies ...
Tatung Co. has obtained its first order for the Electric Vehicle Supply Equipment (EVSE), going to Tangeng Advanced Vehicles and SF Ebus. The three companies will be setting off a vertical ecosystem integration by rolling out commercial vehicles, core power systems, and an electric bus pilot demo. A signing ceremony of an MOU between the three companies is slated for March 2, reports say. Tatu...
The resurging domestic machinery industry is looking up. According to Taiwan Association of Machinery Industry (TAMI) chairman Alex Ko, the sector could see orders increase by 15% this year. Taiwan's January machinery equipment export value reached USD$2.671 billion, a 33.4% YoY increase, Ko said, signaling the resurging growth from last year's Q4 has maintained its momentum into 2021. YoY...
Taiwan-based world-leading motherboard brand Micro-Star International (MSI) announced a cross-industry collaboration with Master Transportation Bus Manufacturing on February 18, signaling goals to enter the electric vehicle industry. MSI will aim to integrate their vehicle computing systems with Master Transporation Bus Manufacturing's electric buses, which will become the first Transportation...
The machinery industry experienced a months-long slump as the COVID-19 outbreak shut down economies worldwide and stifled demand to an all-time low. However, things are looking up for the sector. According to the Chung-Hua Institution Economic Research's (CIER) report earlier this month, in Taiwan, manufacturing activity expanded for the seventh consecutive month in January, rising 3.8 compared t...
Whether Hon Hai Precision can successfully transition its business model will depend on its move into the electric vehicle (EV) sector, media reported. The alliance between Hon Hai and Taiwanese car maker Yulon will offer the former much-needed automaking experience. Coupled with Hon Hai's aim to redefine the EV market into a software-oriented ecosystem, the Taiwanese multinational electronics co...
