Delta Electronics chief is bullish on future investments

The China Post
Date: March 11, 2017
By: Christine Chou

TAIPEI, Taiwan — Power solutions provider Delta Electronics (台達電) Chairman Yancey

NPM Director Lin Jeng-yi unveils the museum’s new promotion plan to boost international competitiveness and local recognition March 8 in Taipei City. (Courtesy of NPM)

Hai (海英俊) said Friday the company will invest more in projects related to data centers, electronic vehicles and industrial automation (IA).

Already a well-known local technology firm, Delta is now increasingly seen by the market as a promising “Tesla Concept Stock,” as the world’s most celebrated electric car maker Tesla Motors’ expanding presence in Taiwan is believed to benefit local manufacturers in its supply chain, including Delta, a power system supplier for Tesla.

“The economy is doing a lot better than the previous quarter,” said Hai, after the company disclosed its financial report for 2016.

“Our focus in the foreseeable future will definitely include EVs. We have already allocated a lot of resources into this sector,” he said, adding that the market for electric cars is only at its early stages and the company is now working on developing equipment for the new area.    [FULL  STORY]

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