Hon Hai Precision Industry Co (鴻海精密) and Chinese start-up Byton Ltd (拜騰) are stepping up cooperation in the development of electric vehicles (EVs), with reports that Hon Hai would station experts at Byton’s factory.
Chinese media on Saturday reported that Hon Hai would send about 100 engineers to Byton’s headquarters in Nanjing next year to help them move up mass production of its electric vehicles.
At a virtual meeting with Byton on Friday, Hon Hai chairman Young Liu (劉揚偉) said the company is not only eyeing the success of Byton, but hoping to capitalize on their partnership to make Nanjing a hub for electric vehicles, the reports said.
Photo: Ritchie B. Tongo, EPA-EFE
Hon Hai, Byton and the Nanjing Development Zone on Jan. 4 signed a strategic cooperation framework agreement to jointly accelerate production of Byton’s first model, the M-Byte, by the first quarter of next year.
“We are pleased to work with Byton to advance the production of the M-Byte. This will allow us to contribute to further growing the electric vehicle industry, a demonstration of our commitment to the transformation of the traditional automotive industry,” Liu said in a statement.
The company has been ambitiously eyeing a share of the electric vehicle market since Liu took office in 2019. It in October last year launched an open platform for electric vehicles for all stakeholders to utilize as they develop functional attributes and systems that would support market growth.
More than 400 companies worldwide have so far participated in the platform and Liu has said that the sector is looking promising for the first half of this year.
Analysts have said that global electric vehicle production would reach 4.58 million this year, up about 60 percent from last year’s 2.86 million.
Among those, 2.09 million are expected to be sold in China, compared with 1.21 million last year.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its
RSS