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Financial Events for Upcoming Week (March 14)

Mar 14, 2022 | By EDN

1. Foxconn MIH Alliance Sees Over Hundreds of Japanese Suppliers Join

Foxconn's foray into the electric vehicle industry is seeing big gains, as The Nikkei reported that notable Japanese brands like Toyota, and auto part supplier Denso, which has invested in TSMC's Kumamoto factory project, are all slated to join Foxconn's MIH Alliance initiative. Other benchmark Japanese suppliers, such as Honda and Toshiba are also requesting to join the alliance. This marks a significant milestone for Foxconn's stake in the EV sector. (Visit EDN news website for more a detailed report)  

2. Ukraninan president is willing to meet with Putin
As the Russian-Ukraine conflict wages on, Ukrainian President Volodymyr Zelenskyy revealed on March 12 that talks with Russia had become more "substantive," with the president expressing willingness to meet with Russian President Putin to discuss a possible ceasefire.

3. Taiwan's Central Bank confident of interest hikes in H1

Taiwan's Central Bank is slated to host this year's first chairperson meeting on March 17, with chief economists at Taiwan's top banks Sinopac Financial Holdings, Taishin Financial Holdings, Cathay United Bank, estimating that Central Bank Governor Yang Chin-long is highly expected to hike interest rates in the first half of 2022. This hike will become the first of its kind in the past decade, amid an increasingly hawkish Central Bank effort on reigning in the buoyant housing market.

4. Taiwan real estate and construction to see upheaval

The Taiwan real estate and construction market are seeing a two-pronged impact from global affairs, such as the Russian-Ukrainian conflict, as well as the domestic government's increasing efforts to stabilize the housing market. Other factors destabilizing the industry are rising prices in construction materials, making it more difficult than ever for retailers to maintain a profit, media reports say. A subsidiary of Huaku Development, one of Taiwan's top retailers, was reported to be rolling out a self-developed and self-sold project, the first of its kind in the 30-plus years of inception.

5. Nickel Chaos Prompts New-Energy Vehicle Price Surge in China
As prices for global commodities are rising, the recent nickel market surge prompted by the Russian-Ukrainian conflict and chaos in the nickel market as LME suspended trading after the metal's value more than doubled in two days last week. In addition, the chaotic nickel market has led to new-energy vehicle makers in China, the world's biggest market, to hike prices as well. Chinese media reported that approximately 20 companies had announced plans to raise prices since entering March, meaning the prices of around 40 models will be impacted.


Industry Reports

Photo credit: UDN/Reuters

Automotive makers look at solar energy sector for new opportunities

May 09, 2022

Hotai Group has been actively developing clean energy solutions, with its subsidiary He Jun Energy as a primary focus. The capacity of solar energy installations this year is expected to reach 50,000KW, and the profit and loss are expected to be even in the second year. With carbon rights becoming the future trend, the development of the solar energy business has become at the forefront for the a...


Photo credit: EDN

Chip shortages continue to hamper automotive imports

May 04, 2022

With chip shortages still hampering the global automotive sector, major car manufacturers expect a shortage of cars, leading to significantly decreasing imported numbers. The total sales volume in the market is currently at 35,200 units, an annual decrease of 7%. The TOYOTA and LEXUS brands under Hotai Motors have reached 12,500 units, the MITSUBISHI and CMC brands of China Motor Corporation ...


Photo credit: UDN/AP

Delayed container ship production could worsen shipping in 2023

May 03, 2022

The new regulations on shipping carbon emissions are set to come into effect next year, and with the number of global container ships over 20 years old will reach 8.2%, experts warn there will be a wave of elimination of old ships starting as early as this year. However, the supply and production of these ships have been hampered by China's strict zero-COVID policy and the Russian-Ukrainian wa...



Industry In-Focus

Photo credit: UDN

Machine tool orders fall, signal concerns

May 17, 2022

Taiwan Machine Tool and Accessory Builders' Association Hsu Wen-hsien said on Monday that prices for international steel, nickel, copper, and other raw materials have soared, coupled with the uncertainty of the Russian-Ukrainian war, domestic machine tool factories' have seen a recent decrease of orders around 20%. The association has decided to adjust the export forecast of machine tools this ye...


Auto parts suppliers brace for order surge post lockdowns</h2>

Auto parts suppliers brace for order surge post lockdowns

May 16, 2022

Auto parts and components were affected by the COVID-prompted lockdowns in various Chinese cities, leading to expected losses in revenue and profit in the first quarter. However, after May, various regions have gradually reopened and resumed work, and auto factories have stepped up the pace of delivering orders. Laster Tech Group and Yingli-KY are among the suppliers optimistic about the performa...


EV-related revenue to bolster new growth records: Chroma Corp.</h2>

EV-related revenue to bolster new growth records: Chroma Corp.

Apr 29, 2022

Measuring instrument maker Chroma Corporation reported significant growth due to the company's increased investment in electric vehicle applications at its earnings call and estimated that combined revenue trends for turnkey applications could remake company history in the future. Chroma Corp. said that 54% of Q1 revenue came from measuring instruments and automated inspection equipment, follo...



Supplier News

Young Shang thrives beyond obstacles</h2>

Young Shang thrives beyond obstacles

Apr 28, 2022

OVERVIEW The spread of the novel coronavirus (SARS-CoV-2) has made a deep impact across all sectors. As health authorities and scientists around the world work towards identifying solutions to bring the situation under control, demand for Food Packaging solution has increased dramatically as consumers attempted to stay away from public gatherings. This has led to let food producers requiring m...

YOUNG SHANG PLASTIC INDUSTRY CO., LTD.


Tair Wang's zinc die-casting and CNC OEM products. (Photo courtesy of Tair Wang)

Tair Wang offers high-quality zinc die casting products for OEM and low-volume high-mix needs

Apr 15, 2022

Founded in 1978, Tair Wang Enterprise Co., Ltd. is a zinc die-casting manufacturer with ISO 9001 quality certifications. With an excellent reputation among domestic and global buyers as a professional OEM manufacturer, Tair Wang has actively expanded its businesses abroad in the past decade by providing high-quality products and services for its clients. General Manager Lawrence Lee said that...

TAIR WANG ENTERPRISE CO., LTD.


ALTA-PRO CO., LTD. </h2><p class='subtitle'> Air spray guns, air paint guns, airless spray gun and related accessories</p>

ALTA-PRO CO., LTD.

Air spray guns, air paint guns, airless spray gun and related accessories

Apr 06, 2022

After over 20 years of devotion to developing and making air spray guns and related accessories, ALTA-PRO Co., Ltd. is well recognized as a globally prestigious supplier in Taiwan, offering HP series spray guns, HVLP (high volume low pressure) spray guns, LVLP (low volume low pressure) spray guns, airless spray guns, automatic guns, dry blow guns & air brushes, and related accessories as nozzles,...

ALTA-PRO CO., LTD.



Insiders' Views

Nan Hoang Traffic Instrument Co., Ltd.</h2><p class='subtitle'>Taiwan First brakes Technology Co., Ltd. </p>

Nan Hoang Traffic Instrument Co., Ltd.

Taiwan First brakes Technology Co., Ltd.

Mar 04, 2021

Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


OmniEyes CEO and Co-Founder Chun-Ting Chou. (Photo courtesy of OmniEyes)

OmniEyes' AI Technology Paves the Way for Traditional Industries' Digital Transition

Dec 15, 2020

The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...


Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...



Exhibition Highlights

 INTERMACH & SUBCON Thailand 2022 Prepared to promote business partnerships and to promote Thailand to be an industrial center towards sustainable development</h2>

INTERMACH & SUBCON Thailand 2022 Prepared to promote business partnerships and to promote Thailand to be an industrial center towards sustainable development

May 19, 2022

After the opening of the Intermach-Subcon Thailand 2022 Machinery Technology and Subcontracting Industry Exhibition For the procurement of leading ASEAN parts held at the Bangkok International Trade and Exhibition Centre (BITEC) today (18 May 2022), Ms. Duangjai Asawachintachit,, Secretary General of the Thailand Board of Investment (BOI), stated that the board recognises the importance of develo...


Photo credit: Messe Frankfurt

Messe Frankfurt reschedules CAPAS 2022 and Auto Maintenance & Repair Expo 2022

May 06, 2022

In view of the evolving pandemic situation in China, the Government has escalated a number of COVID-19 prevention and control measures. To align with these efforts, Messe Frankfurt is rescheduling two of its Mobility & Logistics fairs in the country. CAPAS Chengdu will move to 18 – 20 August 2022, instead of the original timeslot (19 – 21 May 2022). In addition, the Auto Maintenance and Repair...


2022 Taipei AMPA four-day event attracted many buyers and attendees to the in-person show grounds. Photo credit: TAITRA

Taipei AMPA an astounding success – Taiwan is Back in Business!

Apr 27, 2022

The 4-day 2022 Taipei AMPA and Autotronics Taipei physical show closed out on a high note, with visitors coming from the automotive industry, auto electronics department, as well as other branches in connection with the automobile market. Nearly 600 exhibitors came to the physical show, and over 1300 booths were occupied. Combined with nearly 190 exhibitors on the online show AMPA DigitalGo, t...