BYD cars to debut in Q1
Electric cars developed by China-based BYD Co (比亞迪) will make their debut in Taiwan early next year, the vehicle’s local distributor announced yesterday. BYD Taiwan, a joint venture of BYD Hong Kong and Taiwan Solar Energy Co (元晶太陽能), said it had received orders from a local taxi association for more than 1,500 BYD e6 cars, with delivery scheduled to begin in the first quarter of next year. The company said it has commissioned a local automaker to assemble the first BYD e6 vehicles to be sold in the nation to speed up regulatory inspections and approvals. The BYD e6 is an all-electric crossover car that the carmaker says has a nominal range of 300km on a single charge (in an eTaxi duty-cycle), though the range may fall short of that under actual driving conditions.
AIDC, GE extend contract
Aerospace Industrial Development Corp (AIDC, 漢翔航空), the nation’s biggest aircraft maker, yesterday said it recently signed a contract with General Electric Co (GE), including orders worth up to NT$9.5 billion (US$323.18 million) for aircraft engine parts. The contract, valid from 2015 through 2018, extends AIDC and GE’s long-term cooperation that began in 1997 and will also help bring in business opportunities for local electronics supply chains, the corporation said in a statement posted on its Web site.
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US