CSBC Power Technology Co (台船動力) has recently signed a letter of intent with Danish multinational engineering group Danfoss A/S as it aims to provide more efficient and cost-effective electric ship propulsion systems, while tapping into the electric ship business worth tens of billions of dollars, its parent company CSBC Corp, Taiwan (台灣國際造船) said yesterday.
“Clean energy and power have become a trend in the transportation industry. Forty-seven point six percent, or nearly half, of new European cars are electric vehicles. I believe that electric ships will also catch up with this trend,” CSBC Corp chairman Cheng Wen-lon (鄭文隆) said in a statement.
Cheng also serves as chairman of CSBC Power, which has paid-in capital of NT$75 million (US$2.4 million), of which 87 percent is held by CSBC Corp, the nation’s largest shipbuilding company, with one shipyard each in Keelung and Kaohsiung.
Photo courtesy of CSBC Corp, Taiwan
CSBC Power specializes in the research and development of integrated electric ship energy storage batteries and power systems. Its technical team has many years of experience in ship electrification, the firm said.
The company’s aim is to achieve the localization of megawatt-level electric vessel development in Taiwan, with advanced integrated technology, system design and assembly capabilities, it said.
Danfoss, headquartered in Nordborg, Denmark, has solid electric propulsion technology and enjoys a lead position in the global market, the statement said. The multinational company has been promoting the green transformation of the shipping industry in the past few years, it said.
Through the strategic collaboration with Danfoss, CSBC Power hopes to gradually integrate key technologies — such as electric propulsion systems, shaft generators, main and auxiliary engines and AC-DC converters — into megawatt-level electric ships, company chief executive officer Wang Shuo-ping (王碩彬) said.
The companies signed the letter at CSBC Power’s headquarters in Keelung on Dec. 22 last year with the attendance of Cheng, Danfoss Drives’ head of Asia-Pacific and India regions Krisada Phetsuksiri and United Voyage Enterprise Co (合航企業) chairman Kenneth Chen (陳國光), another strategic partner in the deal, CSBC Corp said.
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure
RSS