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.
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.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
‘SENSITIVE MARKETS’: The previously unannounced project would involve the company handing over control of data to a third party to sidestep privacy concerns Google has abandoned plans to offer a major new cloud service in China and other politically sensitive countries due in part to concerns over geopolitical tensions and the COVID-19 pandemic, two employees familiar with the matter said, revealing the challenges for US tech giants to secure business in those markets. In May, the search giant shut down the initiative, known as “Isolated Region” and which sought to address nations’ desires to control data within their borders, the employees said. The action was considered a “massive strategy shift,” said one of the employees, who added that Isolated Region had involved hundreds of employees