Taiwan's participation in global electric car development competition analysis

Imagine being at the busiest intersection in Taipei. There is no banging car whistling and the escaping gas. Only the days of blue sky and white clouds. Electric cars may help you round this dream.

Relative to Europe and the United States and other countries in the past 10 years to fully support the development of electric vehicle industry with the full support of the policy, Taiwan began to launch a strong policy this year. However, due to technical bottlenecks that have not yet been effectively broken down, electric vehicles are in the early Warring States period when the world is chaos unclear. Taiwan depends on a strong electronics industry, an early-stage card-laying company, or when the industry matures 10-20 years later, it can become a star of tomorrow. .

"Taiwan has a strong electronics industry that allows Taiwan, which is behind the traditional automotive industry, to have a chance to occupy a place in the field of electric vehicles," said Chen Qizhu, executive secretary of the Smart Electric Vehicle Promotion Office of the Ministry of Economic Affairs.

He said that Taiwan’s electronics giants Delta Electronics (2308.TW: Quotes), Hon Hai (2317. TW: Quotes) and AUO (2409.TW: Quotes) all mentioned that they should invest in the electric vehicle industry. Have the opportunity.

Yulon (2201. TW: Quoted Quotes) and Bixiang (1729. TW: Quoted Quotes), which have developed electric vehicles, will not only benefit from international technology cooperation, but also benefit from the complete nutrition of Taiwan's electronics industry chain. The supply is not scarce.

The automotive industry generally estimates that the global sales of new cars will reach 90 million by 2020, and the sales of electric vehicles will reach 9 million, accounting for about 10%. Twenty years later, the global sales of new cars will reach 130 million, and the proportion of electric vehicles will increase to about 16%, reaching 21 million.

Among them, the sales of new cars in mainland China reached 13 million last year, surpassing the United States as the world's largest new car sales market, and also becoming the largest potential market for electric vehicle sales. Last year, the number of new cars sold in Taiwan was only 294,000, and the market size was relatively small.

** Irreversible trend, Taiwan seeks niche **

The small size of the Taiwanese market has become an inherent limitation of industrial development. Traditional fuel vehicles are the world's largest countries in Europe and the United States, Yulon Group, Taiwan’s largest auto group, has developed its own brand in the early years, and recently rebuilt its own brand, Na Zhijie, relying on cooperation with Dongfeng Motor (0489. HK: Quotes). Look at the mainland and Southeast Asian markets.

However, for many years since the development of electric vehicles, there have been no breakthroughs. With the irreversible trend of global energy conservation and carbon reduction, it has become a new battlefield for the automotive industry. Taiwan’s well-developed electronics industry is now able to make a breakthrough in this area.

“Electric vehicles are a new opportunity for the future vehicle industry,” said Wang Hanying, deputy director of the Taiwan Institute of Industrial Machinery.

He believes that internationalization is the key to the success of Taiwan's electric vehicles. In the past, the successful internationalization of Taiwan's ICT (information, communications, technology) manufacturers will help the development of the electric vehicle industry.