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Marubeni acquires Taiwan’s Chenya Energy
It is the first time Japanese general trading company Marubeni Corporation invested in Taiwan’s renewable energy market. According to Nikkei’s report, Marubeni will spend more than 10 billion yen (or over NT$2.7 million) for a 100% stake in Chenya Energy as well as its green power generation facilities with a…
Foxconn & Yulon Motor Form Joint Venture on Developing EV
Foxconn Technology Group and Yulon Motor Co signed a cooperation agreement on February 7. In the future, a joint venture will be established with a total capital of NT$15.576 billion. Foxconn would invest NT$7.944 billion in cash, accounting for 51% of the ownership while Yulon would invest NT$7.632 billion in…
Grab raises $30m from Taiwanese automaker KYMCO
Singapore-headquartered ride-hailing major Grab has secured $30 million in funding for its new mobility arm, GrabWheels, from Taiwan-based automaker KYMCO. Grab issued a statement confirming the funding on Thursday. In its statement, Grab said the funding for GrabWheels is part of an ongoing Series A round. As part of the…
2020 Smart City Summit & Expo Postponed to July
2020 Smart City Summit & Expo (SCSE), originally scheduled for March 24th to 27th, is now postponed due to the outbreak of the novel coronavirus that has severely impacted international health and safety and economic activities. In an effort to prioritize the health and safety for all domestic and international…