News

Kymco Dominates Market for 21 Consecutive Years with Almost No Inventory of Phase-7 Model Left Under Government Subsidy

published: 2021-01-20 18:30
Kymco celebrated its 21 years of dominance in the scooter market of Taiwan at the Taipei Motorcycle Show that opened on January 7th. The company is once again crowned as the sales leader in 2020 with over 350K scooters sold throughout the year, and CEO Ko Chun-ping commented that the phase-7 eco vehicles subsidized by the government have sold significantly well, with almost no inventory left, after the implementation of “equality between fuel and electric vehicles”. ...  more

Government of Taiwan Now Focuses on Rooftop PV and Aquavoltaics as Means to Achieve Solar Target of 8.75GW for 2021

published: 2021-01-18 18:30
In 2019, the government of Taiwan set a solar target of 6.5GW in cumulative installed capacity by the end of 2020. However, a review of the progress in the installation of new PV systems across the island during 2020 finds that quite a few solar projects were delayed due to the unfavorable changes in land-use regulations and the lack of distribution lines for grid connection. Now, the government says that the 6.5GW target will be reached later in the first quarter of 2021. Moreover, the government has just announced a new target of 8.75GW in cumulative installed capacity for 2021. ...  more

Foxconn Signs Agreement with BYTON to Expand Their Presence in EV Market, but US$200 Million Investment May Be Just Speculation

published: 2021-01-15 18:30
Foxconn, also known as Hon Hai Precision Industry, announced on January 4 that it has entered into a framework agreement with EV manufacturer BYTON and the governing authority of the Nanjing Economic and Technological Development Zone. In the future, Foxconn and BYTON will work together to ramp up the production of M-Byte, which is the latter’s battery-electric SUV and first offering in the EV market. BYTON currently aims to achieve mass production for M-Byte by the first quarter of 2022. ...  more