Kwang Yang Motor Co (光陽工業) yesterday said it has invested more than NT$40 million (US$1.44 million) into its battery subscription service to boost availability as electric scooters gain popularity in Taiwan.
Kwang Yang expects that more than 50 percent of people who own its electric scooters would be active users of the service in the initial stage, Linus Wu (吳俊龍), chief operating officer of Ionex Taiwan Co (台灣光捷), said on the sidelines of the service launch in Taipei.
Ionex is a fully owned electric scooter subsidiary of Kwang Yang, the nation’s biggest gasoline-powered scooter manufacturer.
Photo: Lisa Wang, Taipei Times
Kwang Yang has built a team with 50 employees to offer the battery on demand service, Wu said.
Subscribing to the service, owners of Kwang Yang Ionex 3.0 electric scooters would receive a fully charged battery replacement overnight.
To facilitate the new service, the company has set up its first battery operation center in New Taipei City, where Kwang Yang recharges batteries using green energy entirely.
“We want to offer diverse battery swapping options other than battery swapping stations. The new battery subscription service is not a replacement of any battery sources,” Wu said. “We will not stop deploying battery swapping stations.”
Kwang Yang has to date built 420 battery swapping stations, lagging behind its schedule as COVID-19 pandemic restrictions slowed its progress.
The company yesterday revised its target and said it aims to build 1,000 stations by the end of this year, rather than the 1,500 it had planned.
It is in talks with convenience store chain operators President Chain Store Corp (統一超商) and Hi-Life International Co Ltd (萊爾富), hypermarket operator Carrefour Taiwan (家樂福), as well as car washing operators to install battery swapping stations at their outlets, Wu said.
Meanwhile, Gogoro Inc (睿能創意), the nation’s biggest electric scooter supplier, yesterday said it has won the bid to build battery swapping stations at 194 outlets of state-run CPC Taiwan, Corp (CPC, 台灣中油). The company currently has 437 battery swapping stations at CPC stations.
Gogoro has so far deployed 7,381 battery swapping stations, dubbed GoStation, nationwide for about 400,000 riders from Gogoro and Aeon Motor Co (宏佳騰), and other members of the “Powered by Gogoro Network” to get charged batteries.
Kwang Yang said CPC is one of its major partners, with about 100 swapping stations to be deployed at CPC stations.
The company is also in talks with other gasoline suppliers, including the one operated by Shang-long Transportation Co (山隆通運), to build battery swapping stations.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
The global server market is expected to grow 12.8 percent annually this year, with artificial intelligence (AI) servers projected to account for 16.5 percent, driven by continued investment in AI infrastructure by major cloud service providers (CSPs), market researcher TrendForce Corp (集邦科技) said yesterday. Global AI server shipments this year are expected to increase 28 percent year-on-year to more than 2.7 million units, driven by sustained demand from CSPs and government sovereign cloud projects, TrendForce analyst Frank Kung (龔明德) told the Taipei Times. Demand for GPU-based AI servers, including Nvidia Corp’s GB and Vera Rubin rack systems, is expected to remain high,