Thanks to patronage of U.S. channel players, Mobiletron Co., Ltd. is running at full capacity in the production of electric tools, with backlog of orders already extending to next April, said Tsai Yu-ching, chairman, on Nov. 30.
At an investor's conference, Tsai also reported that the company's equity investment in RAC Electric Vehicles Inc. will generate handsome returns in two years, adding that given the irresistible trend of electric car, the company will step up investment in new energy, energy storage, electric bus, and retired battery. As the sole local electric-bus manufacturer eligible for the subsidy of the Ministry of Transportation and Communications, RAC Electric Vehicles has been exporting its technology and supply chain to the global market, via the intermediary of Sumitomo and some other foreign firms.
Q4 shipment of electric tools is expected to grow by 30-40% year-on-year and electric tools will account for 25% of the company's sales this year, up from 2016's 17%. 2018 shipment of electric tools is predicted to grow by over 40%.
(Photo courtesy of RAC Electric Vehicles).