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.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would
RSS