RAC Electric Vehicles prepares for 2026 IPO, betting on smart Manufacturing and global growth

RAC Electric Vehicles, the Taiwan-based electric bus manufacturer, has announced its intention to file for an IPO on Taiwan’s Emerging Stock Market by the end of 2025. The company plans to become the first electric vehicle (EV) maker in Taiwan to achieve publicly listed status with annual profitability, targeting a listing in the first quarter of 2026.

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India to command 20% of global smartphone output in 2025 as shipments to US surge amid tariff

Counterpoint Research forecasts that India will account for one-fifth of global smartphone manufacturing output in 2025, driven by rising exports from major brands like Apple and Samsung, according to the Economic Times, Hindu Business Line, and CNBC. The report comes as global smartphone shipments face renewed uncertainty from potential tariff changes, particularly from the US.

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Uncertain prospects for China’s 618 shopping festival; Pegavision avoids price wars, finds success in Japan and Europe

In recent years, Pegatron has actively invested in new businesses targeting high-value-added industries. Besides expanding its core automotive and AI servers sectors, the company’s investment in contact lens manufacturer Pegavision continues to deliver stable high gross margins. Notably, Pegavision achieved six consecutive years of record revenue in 2024, with profits reaching historic highs and gross margins consistently exceeding 50%.

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Fortune Electric secures Taiwan’s first contract in US Stargate AI project, winning NT$2 billion power transformer order

Taiwan-based heavy electrical equipment maker Fortune Electric has become the first Taiwanese company to secure a contract under the US Stargate Project, a US$500 billion AI infrastructure program initiated by President Donald Trump. The company has won a NT$2 billion (approx. US$67.57 million) power transformer order for the project’s first-phase development in Texas.

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