Siemens Taiwan is collaborating with Taiwanese partners to conduct field trials for autonomous vehicles by the end of this year, as the German company aims to increase its foothold in the nation’s smart transportation sector.
“Our colleagues are working with a local partner on an autonomous driving project,” Siemens Taiwan president and chief executive officer Erdal Elver said at a media briefing in Taipei on Tuesday.
Elver declined to provide details about the project, as discussions are continuing on a facility to test self-driving vehicles.
Photo: Lisa Wang, Taipei Times
Siemens would help build the infrastructure and provide software solutions in collaboration with various local companies and the government, the company said.
An autonomous testing facility usually includes roads with traffic signals and intersections, where automakers, suppliers and technology companies can test their vehicles and equipment before deploying to public roads.
Such a facility is also helpful for companies to test software, sensors, traffic data ingestion and security systems for driverless vehicles.
Siemens hopes to bring its Aimsun solution — traffic simulation and large-scale testing of path-planning algorithms for autonomous vehicles — to Taiwan, Elver said.
About 5,500 users in 85 nations would be using the Aimsun solution this year, he said, adding that Taiwan is not currently among the adopters.
Apart from autonomous vehicles, Siemens is also looking at business opportunities in the electric bus sector, Elver said.
The company is hoping to introduce its high-power pantograph chargers for electric buses, which have been used in several European nations, such as Denmark, Sweden and Germany.
It takes only four to 10 minutes for an electric bus to be fully charged using the chargers, Siemens said.
The company is also in discussions with a German automaker to supply electric charging solutions for sedans in Taiwan, Elver said.
Siemens is also involved in various smart city and smart building projects, including the Guangci Public Housing project in Taipei’s Xinyi (信義) District in cooperation with Far EasTone Telecommunication Co (遠傳電信), as well as a land development project in Nangang (南港) District run by Taiwan Fertilizer Co (台肥).
RETAIL BANKING EXIT: Clients are concerned whether their rights would be protected, while employees were caught by surprise as the bank had just upgraded its services Citibank Taiwan Ltd (花旗台灣) yesterday said that credit card clients could continue using their cards as operations would continue normally until it sells its consumer banking business. As of February, the bank had 2.86 million credit cards in circulation in Taiwan, of which 2.17 million had been used in the past six months, ranking it sixth among all banks, data from the Financial Supervisory Commission showed. Credit card spending by Citibank clients totaled NT$15.66 billion (US$552.6 million) in February, also ranking sixth among banks in Taiwan. Citibank was the only foreign bank that made it into the top six. Customers should not
PANDEMIC EFFECT: Chromebook shipments in the first quarter more than tripled from a year earlier, driven primarily by educational institutions in North America Despite a semiconductor shortage, global PC shipments in the first quarter of this year increased 32 percent from a year earlier, preliminary data from research firm Gartner Inc showed. Shipments in the January-to-March period totaled 69.87 million units from 52.93 million units a year earlier, Gartner said in a report on Monday last week. The quarterly increase in shipments marked the fastest annual growth since it began tracking the PC market in 2000, Gartner said. “This growth should be viewed in the context of two unique factors: comparisons against a pandemic-constrained market and the current global semiconductor shortage,” Gartner research director Mikako Kitagawa
NO MONEY LAUNDERING: Banking Bureau Deputy Director-General Lin Chih-chi said transactions of more than NT$500,000 conducted in cash would need to be reported The Financial Supervisory Commission is to set up new money laundering regulations for the nation’s cryptocurrency exchanges from July 1, requiring them to report transactions valued at more than NT$500,000 (US$17,770), the commission said yesterday. The move came after the Executive Yuan earlier this month demanded that the commission establish regulations to prevent money laundering in the cryptocurrency industry. The cryptocurrency industry includes local trading platforms for cryptocurrencies, cryptocurrency wallet providers and firms that conduct security token offerings, the Executive Yuan said. The commission plans to require cryptocurrency exchanges to report any transaction of more than NT$500,000 conducted in cash, or an equivalent
TREASURY REPORT: A US government report urging the central bank to curtail its foreign-exchange intervention, coupled with soaring exports, might lift the NT dollar The New Taiwan dollar yesterday posted its biggest daily advance since December last year after a report by the US Department of the Treasury last week hinted that US President Joe Biden’s administration could exert greater pressure on Taiwan’s central bank to allow the local currency to appreciate. The NT dollar rose 0.5 percent to close at NT$28.205 against the greenback, and was emerging Asia’s best-performing currency for the day. While the Treasury report on Friday did not label Taiwan as a currency manipulator, it said the US would initiate “enhanced bilateral engagement” to address what it considers as “structural undervaluation”