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BUSINESS

Kaohsiung’s EV industry chain attracts global investment

08/08/2022 02:28 PM

KUALA LUMPUR, Aug 8 (Bernama) -- Kaohsiung city government has teamed up with Hon Hai Technology Group (Foxconn) to develop Kaohsiung as an important base for the global electric vehicles (EV) industry.

The aim is to work on several aspects such as smart electric buses and smart city development to become an experimental field that offers a comprehensive business and service model to attract global manufacturers to invest in Kaohsiung.

Seeing the firm foundation in metal material and precision finishing technologies in Kaohsiung, Foxconn plans to build an EV ecosystem and a complete battery production chain in the southern city as part of its ambition to expand into the EV industry, according to a statement.

Ranging from the development of EVs to the production of battery packs and cells, and energy storage systems, Foxconn also aims to localise battery manufacturing across all points of the supply chain, from upstream raw materials to midstream cells and downstream battery packs.

Foxtron Vehicle Technologies, a subsidiary of Foxconn, has set up its research and development and manufacturing facility for battery cells in Qiaotou Science Park.

In compliance with the city government’s plan to have all public buses run on electricity by 2030, the first Model T electric bus was officially delivered to Kaohsiung Bus in March this year with a targeted initial volume of 30 vehicles and more will be handed over based on operational demand.

To promote the development of the electric bus industry in Kaohsiung, the city government has increased subsidies for the operation of electric buses and will also subsidise the purchase of locally produced electric buses.

In line with the local growth of the EV industry, the city government is also planning to cooperate with the Ministry of Transportation and Communications to build a national-level test site for self-driving cars and vehicle-to-everything in the Qiaotou Science Park.

The goal is to shape Kaohsiung into a model smart city and become an example for “package smart city export”.

-- BERNAMA


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