News

According to earnings reports released last week, due to supply chain disruptions and soaring freight rates, wind turbine maker Siemens Gamesa Renewable Energy has decided to reduce its fiscal 2022 profit outlook,  saying supply chain issues are lasting longer than expected. ...  more

Extreme climate disasters such as droughts, wildfires, heavy rains, floods, and snowstorms damage electric power transmission systems. BloombergNEF (BNEF) reports indicate that damages to electrical infrastructures have resulted in US$4.1 billion of losses to public utility providers in the US every year. ...  more

Still agonizing over the color of your next car? Want to get a new layer of paint for your daily driver around the new year? BMW iX can resolve these issues for you, as the car’s body changes color at the mere press of a button. ...  more

Foxconn held an online year end celebration event today. In his speech, Foxconn Chairman Young Liu said that in 2021, Hon Hai set a new annual revenue record of NT$5.94 trillion, an increase of nearly 11% over the previous year. "Foxconn is undergoing a gorgeous transformation and attracting the gaze of the outside world. Foxconn has done well in 2021 and will do better this year!" ...  more

Foxconn announced today that it has signed a MoU with the Ministry of Investment (Indonesia), PT. Industri Baterai Indonesia (IBC), PT. Indika Energy, and Gogoro that focuses on the relevant industry chains for batteries and EVs in the hopes of developing a sustainable new energy ecological chain in Indonesia. ...  more

The storming issues regarding green energy and energy conservation have aroused a sizable wave in the NEV industry of various countries. KGI has thus joined hands with Wellington Management, one of the largest active asset management companies in the world, on releasing the KGI Future Mobility Fund, which was successfully declared on January 18th, and is expected to commence fundraising starting from March 1st. ...  more

NTPC announced on January 18 that it has been chosen by the Cuban government as the preferred partner for carrying out a 900MW PV project in Cuba. ...  more

Semiconductor material supplier TOPCO announced its combined revenue for December 2021 at a total of NT$4.27 billion, which is a MoM increase of 13.5% and a YoY improvement of 33.5%. The company attained a record NT$42.67 billion of accumulated revenue throughout 2021, a YoY increase of 18%. ...  more

Siemens announced that it has signed a letter of intent with Glory Technology Services, officially proclaiming the two parties as strategic partners. ...  more

High electricity prices in Europe are expected to ease. Bloomberg reported that China's largest liquid natural gas (LNG) supplier is preparing to supply natural gas to Europe, which is expected to ease the European fuel shortage. ...  more