A company affiliated with Taiwan Cement Corp (台灣水泥) has received 22.7 million euros (US$22.67 million) from an EU fund to install electric vehicle (EV) charging stations in Europe, Taiwan Cement said yesterday.
Atlante Co, a unit of Taiwan Cement affiliate NHOA SA, was awarded the funds under the EU’s Connecting Europe Facility for Transport scheme, which cofinances investments for the completion and modernization of the Trans-European Transport Network, Taiwan Cement said.
Atlante has been awarded two contracts to install 215 charging stations — 70 in Italy, 55 in France, 55 in Spain and 35 in Portugal — it said.
Photo courtesy of Taiwan Cement Corp
The charging stations are to be placed in 1,400 parking spaces, and placed in safe and secure sites along the transport network.
The stations are to be integrated into national power grids, creating one of the world’s largest virtual power plants, Taiwan Cement said.
The stations are planned to be powered by renewable energy sources, with on-site battery storage as well as on-site or off-site solar energy production, it said.
The fast and ultra-fast charging network would allow drivers to charge their electric vehicles in a matter of minutes, similar to stopping at a gas station for fuel, the company said.
The EU aims to reduce its carbon emissions by 90 percent by 2050, and plans to transition to alternative and lower-carbon fuels, as transportation accounts for 70 percent of its total emissions, it said.
Through the EU’s Alternative Fuels Infrastructure Facility, 292.5 million euros of funds are to be awarded to 24 projects, ranging from the installation of EV charging stations and hydrogen fuel stations to the electrification of ground handling services at airports, Taiwan Cement said.
LIMITED MEASURES: The proposed restrictions on Chinese chip exports are weaker than previously considered, following lobbying by major US firms, sources said US President Joe Biden’s administration is weighing additional curbs on sales of semiconductor equipment and artificial intelligence (AI) memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions, but stop short of some stricter measures previously considered, said sources familiar with the matter. The restrictions could be unveiled as soon as next week, said the sources, who emphasized that the timing and contours of the rules have changed several times, and that nothing is final until they are published. The measures follow months of deliberations by US officials, negotiations with allies in Japan and the Netherlands, and
Qualcomm Inc’s interest in pursuing an acquisition of Intel Corp has cooled, people familiar with the matter said, upending what would have likely been one of the largest technology deals of all time. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters. It is always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added. Representatives for Qualcomm and Intel declined to comment. Qualcomm made a preliminary approach to Intel on a possible takeover, Bloomberg News and other media
Foxconn Technology Group (富士康科技集團) yesterday said it expects any impact of new tariffs from US president-elect Donald Trump to hit the company less than its rivals, citing its global manufacturing footprint. Young Liu (劉揚偉), chairman of the contract manufacturer and key Apple Inc supplier, told reporters after a forum in Taipei that it saw the primary impact of any fresh tariffs falling on its clients because its business model is based on contract manufacturing. “Clients may decide to shift production locations, but looking at Foxconn’s global footprint, we are ahead. As a result, the impact on us is likely smaller compared to
‘NO WINNER’: Experts said that Mexico’s and Canada’s ability to walk away from the threats Trump made is limited, while some tariffs on China are likely to go into effect US president-elect Donald Trump on Monday said he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that “no one will win a trade war.” In a series of posts on Truth Social, Trump vowed to hit some of the US’ largest trading partners with duties on all goods entering the country. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 percent tariff on ALL products coming into the United States,” he wrote. In another post, Trump said he
RSS