Propelled by the Ukraine-Russian war, gas prices have soared, tightening up consumers’ spending capacity and driving up prices in other areas amid inflation. Earlier this year, automotive brands had been optimistic regarding sales and production would rise with the predictions of parts and chip shortages easing up, but the reality in the past few months proved the contrary. News outlets have b...

Shen Guo-rong, chairman of the auto transmission system manufacturer Hota Industrial, said today that there is no doubt about the chances of economic growth in the second half of the year, however, it is still necessary to observe the variables of the chip shortage. It is estimated that the shortage situation in August will stabilize. As for the electricity price adjustment, it has little impact ...

Taiwan Machinery Association announced on Thursday that the export value of machinery and equipment in May this year was marked at USD$2.88 billion, a decrease of 4.5% month-on-month and 1.1% year-on-year results. This is the first decline after 20 consecutive months of growth. The exports to China showed a double-digit decline for three consecutive months, indicating that the industry demand ha...

Due to the impact of the COVID-19 pandemic, the world-renowned industrial show Hannover Messe has finally returned after a two-year hiatus, having kicked off on Monday. TECO Group, together with a European affiliated company Motovario S.p.A., a major Italian reducer manufacturer, jointly exhibited three major themes: "Carbon Neutral Solutions", "Smart Mobility Solutions" and "Smart Manufactur...

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 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...

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...

The Directorate General of Budget, Accounting and Statistics' latest statistics report, electric vehicle sales are seeing a significant uptick. In Q1, 20,000 new license plates for electric-powered scooters and vehicles were added to the market, with 17,000 for scooters and 3,000 for vehicles, respectively. From a YoY perspective, the growth marks a 67.2% increase, primarily fueled by electric sc...

RAC Electric Vehicles cooperated with Japan's Sumitomo Corporation to develop, design, and assemble electric buses that comply with Japanese regulations, officially exported to Japan this week. These electric buses will undergo demonstration runs in Japan. RAC Electric Vehicles representative said this project was especially noteworthy, as it is considered the first MIT electric commercial ve...

Impacted by the rising prices of raw materials for electric vehicle power batteries, in the first quarter of this year, many global new energy vehicle brands, including Tesla, BYD, Weilai, Ideal, and Volkswagen, are forecasted to raise the sales prices of EVs. TrendForce says power batteries are the core components that make up the highest cost of EVs and reducing the cost of power batteries w...