Kwang Yang Motor Co (光陽工業), which sells its products under the brandname KYMCO, yesterday unveiled a new electric sport scooter, dubbed F9, to target eco-conscious riders.
The F9 is the first electric scooter designed by the company from scratch, it said.
The nation’s biggest manufacturer of gas-powered scooters, Kwang Yang ventured into electric scooters about three years ago by remaking its gas-powered “Many” and “Nice” series into electric ones. At the time, the focus was mostly on its battery charging system, called Ionex.
Photo: Lisa Wang, Taipei Times
“KYMCO’s all-new F9 model offers not only urban mobility, but also satisfies riders’ desire for a better steering experience,” company chairman Allen Ko (柯勝峰) told a global conference in Taipei.
The one-seat electric scooter performs better than a 150cc scooter, the company said, adding that most electric scooters sold on the local market are 125cc models, including those from Gogoro Inc (睿能創意).
The F9 is scheduled to hit the market next year, the company said.
Another electric motorcycle model, called RevoNEX, is to enter mass production at a factory in Italy, it added. Kwang Yang unveiled the concept vehicle at the Milan Motorcycle Show last year, targeting the global electric motorcycle market.
Aside from those two high-performance electric two-wheelers, Kwang Yang CEO Ko Chun-ping (柯俊斌) said the company is to roll out new electric scooters for the mainstream market in the near future.
The company also unveiled two new gas-powered motorcycles and one gas-powered scooter.
Thanks to tax incentives and purchase subsidies, Kwang Yang expects the domestic scooter market to rise 12.2 percent year-on-year to hit a 25-year high of 1.01 million units this year.
The COVID-19 outbreak has also stimulated demand, as people try to avoid mass transportation to reduce risks of contracting the virus, the company said.
“Government tax incentives and subsidies are the biggest drivers behind the growth,” Ko said. “Our shipments are capped by limited capacity. This year’s growth has greatly exceeded our expectations.”
As the Environmental Protection Administration is to stop subsidies for gas-powered scooters that meet its Phase 7 emissions standards from January, Ko said that scooter sales are expected to shrink by between 5 and 10 percent to between 900,000 and 950,000 units next year.
Kwang Yang expects its market share to climb to 34 percent this year from last year’s 33.4 percent, with total sales reaching 350,000 units.
Separately, Gogoro yesterday announced that China Motor Corp (中華汽車) is to join the “Powered by Gogoro Network,” making it the fifth member of the network.
Starting next year, China Motor is to offer new electric scooters under the company’s “eMoving” series that are equipped with batteries that riders can either recharge or swap for new ones.
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
Hon Hai Precision Industry Co (鴻海精密), which assembles servers for Nvidia Corp, yesterday said that revenue last month rose 10.61 percent year-on-year, driven by strong growth in cloud and networking products amid continued front-loading orders for artificial intelligence (AI) server racks. Consolidated revenue expanded to NT$606.51 billion (US$19.81 billion) last month from NT$548.31 billion a year earlier, marking the highest ever in August, the company said in a statement. On a monthly basis, revenue was down 1.2 percent from NT$613.86 billion. Hon Hai, which is also a major iPhone assembler, added that its electronic components division saw significant revenue growth last month, boosted
RSS