Taiwanese manufacturers are preparing to seize business opportunities that are likely to arise with the arrival of US-based electric car maker and vendor Tesla Motors Inc, which is expected to build charging stations in Taiwan, market sources said on Saturday.
Among the interested electric car component makers are electric vehicle harness maker BizLink Holding Inc (貿聯), electrical terminal supplier K.S. Terminals Inc (健和興端子) and power system management supplier Delta Electronics Inc (台達電), the sources said.
Tesla on July 4 announced its plans to enter the Taiwanese market.
Photo: Bloomberg
It has opened a pop-up store at the Shin Kong Mitsukoshi department store in Taipei’s Xinyi District (信義) to showcase the technology and design behind its electric vehicles.
The store is to stay open through Aug. 31, with staff answering questions about the electric cars and how to charge their batteries.
Buyers in Taiwan can pre-order Tesla Model S cars on the vendor’s Taiwan Web site, with the first delivery expected to come in the first quarter of next year.
Taiwan is the sixth market in the Asia-Pacific region into which Tesla has made inroads.
The company said that it will set up a regional service center and charging network in Taiwan to meet the needs of local buyers.
The sources said that Tesla plans to set up more than 10 charging stations in Taiwan, which has prompted firms like Delta Electronics to pay attention to potential business from Tesla.
They said Delta Electronics is expected to take the lead in power management solutions for Tesla’s charging stations, as the Taiwanese firm has long been exploring the global electric car market with a wide range of products to meet demand from its various clients in the US, Europe, Japan and China.
However, the sources said that while the government has pushed for the development of the electric vehicle industry, local construction and security regulations have failed to catch up with the developments and efforts to set up charging stations could be hampered.
The sources added that the government should introduce incentives to encourage electric car component makers to join the efforts to build a charging station network in Taiwan.
Tesla runs 681 charging stations, called superchargers, around the world to provide charging services for free, and the stations are mostly near restaurants, shopping malls and Wi-Fi hot spots.
Tesla cars can drive 270km on a 30-minute charge, according to the company.
IN THE AIR: While most companies said they were committed to North American operations, some added that production and costs would depend on the outcome of a US trade probe Leading local contract electronics makers Wistron Corp (緯創), Quanta Computer Inc (廣達), Inventec Corp (英業達) and Compal Electronics Inc (仁寶) are to maintain their North American expansion plans, despite Washington’s 20 percent tariff on Taiwanese goods. Wistron said it has long maintained a presence in the US, while distributing production across Taiwan, North America, Southeast Asia and Europe. The company is in talks with customers to align capacity with their site preferences, a company official told the Taipei Times by telephone on Friday. The company is still in talks with clients over who would bear the tariff costs, with the outcome pending further
A proposed 100 percent tariff on chip imports announced by US President Donald Trump could shift more of Taiwan’s semiconductor production overseas, a Taiwan Institute of Economic Research (TIER) researcher said yesterday. Trump’s tariff policy will accelerate the global semiconductor industry’s pace to establish roots in the US, leading to higher supply chain costs and ultimately raising prices of consumer electronics and creating uncertainty for future market demand, Arisa Liu (劉佩真) at the institute’s Taiwan Industry Economics Database said in a telephone interview. Trump’s move signals his intention to "restore the glory of the US semiconductor industry," Liu noted, saying that
STILL UNCLEAR: Several aspects of the policy still need to be clarified, such as whether the exemptions would expand to related products, PwC Taiwan warned The TAIEX surged yesterday, led by gains in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after US President Donald Trump announced a sweeping 100 percent tariff on imported semiconductors — while exempting companies operating or building plants in the US, which includes TSMC. The benchmark index jumped 556.41 points, or 2.37 percent, to close at 24,003.77, breaching the 24,000-point level and hitting its highest close this year, Taiwan Stock Exchange (TWSE) data showed. TSMC rose NT$55, or 4.89 percent, to close at a record NT$1,180, as the company is already investing heavily in a multibillion-dollar plant in Arizona that led investors to assume
AI: Softbank’s stake increases in Nvidia and TSMC reflect Masayoshi Son’s effort to gain a foothold in key nodes of the AI value chain, from chip design to data infrastructure Softbank Group Corp is building up stakes in Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the latest reflection of founder Masayoshi Son’s focus on the tools and hardware underpinning artificial intelligence (AI). The Japanese technology investor raised its stake in Nvidia to about US$3 billion by the end of March, up from US$1 billion in the prior quarter, regulatory filings showed. It bought about US$330 million worth of TSMC shares and US$170 million in Oracle Corp, they showed. Softbank’s signature Vision Fund has also monetized almost US$2 billion of public and private assets in the first half of this year,