A Taiwanese company that makes lithium iron phosphate (LFP) batteries said yesterday that it plans to enter into a joint venture with a bus manufacturer in China to produce batteries for large buses.
Pihsiang Machinery Manufacturing Co (必翔), which is primarily an electric scooter maker, said yesterday that it intends to take a 15 percent stake in the joint venture with Foshan Electrical and Lighting Co (FEL, 佛山電器照明) and to provide the technology and materials needed to manufacture LFP bus batteries.
Under the terms of a letter of intent signed by the two companies, the battery factory will be set up in Foshan, Guangdong Province, Pihsiang deputy spokesman More Huang said.
“We are engaged in negotiations and will try to finalize the investment plan soon,” Huang said.
The preliminary plan is to manufacture 15 million batteries for FEL in the first year of the project, he said.
FEL is primarily a lighting equipment maker, but in the last two years it has acquired three bus manufacturing plants in China.
Huang said FEL plans to expand its annual bus production capacity to 2,000 units by 2015, by which time it will require 100 million LPF batteries per year.
FEL was impressed by Pihsiang’s battery production technology after it tested the batteries in its buses in April, Huang said.
“Pihsiang holds the patents and FEL has the funds. We are going to be a good match,” he said.
Meanwhile, the Ministry of Economic Affairs has announced a list of “2020 core industries” to highlight Taiwan’s evolving industrial infrastructure, Taiwan Institute for Economic Research vice president Kung Ming-hsin (龔明鑫) said at the 7th National Industrial Development Conference yesterday.
The 24 industries listed under the “2020 core industries” initiative include new industries such as green energy, traditional industries and service-related industries with potential for development.
Kung, one of the panelists at the conference, said that these industries will follow one of three paths: upgrading, strengthening or internationalization and technological upgrading.
He added that to improve industrial performance, the industries should pay more attention to international issues such as environmental protection and adhere to international best practices.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
RSS