Taiwan would manufacture about 90 percent of components used in the power systems of locally made electric vehicles by 2024, as the nation intensifies its efforts to penetrate the global electric vehicle (EV) market, Hon Hai Precision Industry Co (鴻海精密) said on Tuesday.
In a video released by Hon Hai, company chairman Young Liu (劉揚偉) told former minister of transportation and communications Lin Chia-lung (林佳龍) that he expects the local manufacturing sector to make about 90 percent of parts used by batteries, electric devices and power control solutions for Taiwanese-made EVs by the end of 2024.
It is unlikely that a shortage of raw materials for vehicle production worldwide would improve any time soon, so automakers should reconsider their development strategies to enhance efficiency, Liu said, adding that a high rate of self-sufficiency is one of the answers to persistent shortages.
Photo courtesy of the Dadushan Industrial Innovation Foundation
Hon Hai has invested in the development of solid-state batteries and lithium iron phosphate batteries for EVs, with the goal of rolling out a sample solid-state battery and starting commercial production by 2024.
In addition, Hon Hai and Taiwanese electric scooter maker Gogoro Inc (睿能創意) have set their sights on the development of a global exchange system for EV batteries.
Hon Hai has also started to produce smart cockpits for EVs by working with multinational auto manufacturer Stellantis NV through a joint investment of US$80 million.
Meanwhile, Foxtron Vehicle Technologies Co (鴻華先進), a joint venture between Hon Hai and Taiwanese automaker Yulon Motor Co (裕隆汽車), is pushing for EV development on the MIH Open Platform.
The platform provides about 50 percent of key EV components to its members and is seeking to raise that to more than 80 percent, with Hon Hai viewing it as the “Android of the EV industry,” Liu said.
To enhance the competitiveness of Taiwan’s EV industry, Liu said local manufacturers need to focus on semiconductor and software development.
Hon Hai on Wednesday said that it would integrate its third-generation semiconductor efforts with advanced silicon photonics technology for EV applications as well as robotics use.
Third-generation semiconductors are products such as silicon carbide and gallium nitride for EV use.
The firm would focus more on mobile robotics gadgets and aims to provide tailor-made robots through its, development platform, it said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
RSS