China Motor Corp (中華汽車) yesterday said it has set a target of selling 500 electric bicycles a month, with a view to becoming the leader in the domestic market.
The company hopes it can overtake E-Ton Power Tech Co (益通動能) — which sells about 300 e-bikes a month — to become the nation’s No. 1 seller, a company executive said.
Annual sales of two-wheeled electric vehicles in the nation reach about 30,000 units, of which 22,000 are e-bikes, China Motor executive vice president Chen Chao-wen (陳昭文) told reporters at a launch for the company’s Bobe e-bike.
“There are about 50 e-bike brands in Taiwan competing for a small market,” Chen said.
Bobe has a maximum speed of 25kph and is priced at NT$29,800 per unit.
The company is targeting senior citizens and foreign workers as its major customers, and expects sales in southern Taiwan and New Taipei City (新北市) to top other places.
China Motor hopes to sell 7,000 two-wheeled electric vehicles in the nation a year, including about 1,400 Bobe e-bikes.
However, domestic sales of two-wheeled electric vehicles are expected to be flat at 30,000 units this year from last year because of high battery costs, Chen said.
“The market is still heavily dependent on government subsidy, which is shrinking from year to year,” Chen said.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”