Japan-headquartered battery maker AESC broke ground on its plant in South Carolina, USA, on June 7. The facility, expected to become fully operational in 2026, will support BMW EVs made in the same state.
The rapid adoption of electrical vehicles has subverted existing industry supply chains, providing new business opportunities and growth momentum for semiconductor, ICT, and materials suppliers as well as startups in related fields. In this regard, Taiwanese startup Xing Mobility, with its patented next-generation battery cooling technology, is expected to have a preemptive chance to gain ground in the EV field.
US-based automotive supplier BorgWarner announced its latest electrification strategy on June 6. The company aims to reach more than US$10 billion in eProduct sales by 2027. Its eProudcts supporting battery and hybrid EVs will generate half of the overall sales by then.
Tesla battery supplier Panasonic has made another move to scale up in the US. The company reportedly plans to set up a new battery production line in Gigafactory Nevada, which will likely increase output by 10%.
With the US-China tech war raging on and companies like Micron caught in the crossfire, how should the government address semiconductor R&D and talent planning in response to new situational changes? Some US academics recently suggested that besides semiconductors, the US and Taiwan can also cooperate in fields like quantum and net-zero technologies.