Delta Electronics chief is bullish on future investments

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

Power solutions provider Delta Electronics (台達電) Chairman Yancey Hai (海英俊) answers investors’ questions after announcing the company’s financial results for 2016 in Taipei’s Neihu District on Friday, March 10.(Christine Chou, The China Post)

TAIPEI, Taiwan — Power solutions provider Delta Electronics (台達電) Chairman Yancey 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.    [FULL  STORY]

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