The Ministry of Economic Affairs (MOEA) yesterday encouraged foreign automakers to apply to take part in the government’s electric car pilot project.
“We will evaluate the applications based on how much they will benefit Taiwan’s industry as a whole,” Industrial Development Bureau deputy director general Chou Neng-chuan (周能傳) said.
The government is encouraging multi-party applications for the project’s grants, in which a county or city government could align itself with automakers, electric battery makers, or battery recharge station operators, to draft a plan to convince the central government to give it one of 10 planned grants.
The government won’t rule out bids from foreign automakers, but they would have to justify how their plans could benefit Taiwanese industry, by using components made by local firms, or producing their electric vehicles locally, Chou told a press conference.
The ministry will publicize details of the project by next Tuesday.
The grants will expire at the end of 2012, and winning proposals must be completed within two years or no later than the end of 2013, the ministry said.
The government will allocate NT$2.2 billion (US$68.4 million) to the electric car pilot project between next year and 2013.
Subsidies will be given to at least 10 “pilot projects” instead of the “pilot zones” announced previously. Chou said the change came because the pilot programs could run across multiple zones instead of one single zone, and the projects could be application-driven instead of zone-driven.
The government’s subsidy will be capped at 40 percent of the total budget of each winning proposal, Chou said.
One likely applicant is Taipei County’s Pinglin Township (坪林), which has voiced interest in a pilot program to boost tourism by having 20 to 30 Luxgen electric cars — made by Yulon Group (裕隆集團) — ferry visitors around town.
The ministry said Pinglin was considering substantially increasing the number of cars.
The government wants to have 3,000 electric-powered vehicles on the road within three years. The electric car infrastructure would include more than 3,100 power-recharge stations by then.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip