A domestic aerospace company and train car manufacturer have teamed up to explore the electric bus market, and expect to unveil a new lightweight model seven months from now that they hope to market overseas.
Aerospace Industrial Development Corp (AIDC, 漢翔航空), a maker of military and civil aviation products, said in a statement yesterday that AIDC chairman Hu Kai-hung (胡開宏) had signed a strategic alliance memorandum of understanding with Tangeng Advanced Vehicles Co (TAV, 唐榮車輛) chairman Jonathan Ho (何義純).
TAV is Taiwan’s biggest maker of passenger and freight cars for railways, as well as commercial vehicles, such as buses and trucks.
Photo courtesy of Aerospace Industrial Development Corp
The two companies intend to build a low-floor bus that is fully electric, with special focus given to the construction of the vehicle control unit and the cable harness assembly, as well as the development of a lightweight structural frame, the statement said.
If successful, the bus would become Taiwan’s only fully electric, low-floor bus made from a lightweight aluminum alloy.
AIDC and TAV expect to begin selling the model in the first quarter of next year, the statement said.
Through the partnership, the firms aim to support the government’s goal of all long-distance passenger buses in Taiwan being electric and built domestically by 2030, Hu said in the statement.
However, the companies are also hoping to expand into international markets, such as Japan and the US.
Hu also said that the two firms were attempting to build a larger ecosystem to support the project’s development, adding that TAV signed a deal with Tatung Co (大同) earlier this year to provide some of the power systems for the planned bus.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary