According to the South-Korea based Hyundai Mobis, it has begun to supply chassis modules for automaker Mercedes-Benz AG’s four electric SUVs, becoming the first non-European supplier for the German automaker’ chassis module. It also marks Hyundai Mobis’ second massive deal with a foreign automaker.
Taiwan-based Cub Elecparts, dedicated to supplying smart driving-related sensing devices and electrical and electronics parts for car applications, has penetrated its anti-lock braking system (ABS) for recreational vehicles (RVs) into the US market, which will significantly bolster its revenue performance in 2023, according to company chairman SC Yu.
The lithium battery sector has become the hottest due to the US recently passing the Inflation Reduction Act of 2022 (IRA). The IRA is aiming to fight inflation with green energy while building American manufacturing. The emphasis of the act is on renewable energy, independent energy storage, and electric vehicles (EVs), all of which involve lithium batteries.
The total value of export orders received by Taiwan-based display panel makers in September decreased significantly, as they cut production to cope with shrinking demand and prices, according to the Ministry of Economic Affairs (MOEA).
Taiwan-based Complex Micro Interconnection, specializing in flexible PCB (FPCB) for military and other niche market applications, is aggressively cutting into EV charging modules with its FPCB, expecting its revenues from automotive applications to double in 2023.