Taiwan 2020 output for automotive electronics believed at NT$280 billion

Taiwan-centered makers of automotive electronic parts and units will create NT$280 billion (US$9.72 billion) in output in 2020, according to Leu Jang-hwa, director standard for Industrial Advancement Bureau.

Advancement of cars towards linked, autonomous, services/shared and electric has changed the regular automobile ecosystem, Leu said. As Taiwan-based mostly ICT makers are effectively recognised for their price tag-effectiveness and dependability, they could play additional important roles in the car market, Leu observed.

In accordance to the Ministtry of Financial Affairs (MOEA), Taiwan-primarily based automotive electronics makers have concentrated on merchandise employed in electric power source/transmission, ADAS, good strength storage methods and electrical buses.

Taiwan recorded NT$167.4 billion in car or truck creating and NT$186.1 billion in generation for automobile parts and components in 2019.

EMS provider Foxconn Electronics has teamed up with Yulon Motor to create MIH software/hardware-integrated open platform for creating electrical cars (EVs), in a bid to support ICT and ingredient makers who are fascinated in acquiring EVs but absence the working experience and knowledge.