SOLUTIONS:Chairman Yancey Hai said the firm plans to hire at least 100 people for its research and development operations in Taiwan and overseas

Taipei Times
Date: Jun 14, 2017
By: Lauly Li / Staff reporter, in Taoyuan

Delta Electronics Inc (台達電) yesterday said it aims to increase revenue from its electric vehicle solutions business group (EVSBG) fivefold to US$500 million per year by 2022, supported by steadily growing demand from global automakers.

“We are optimistic about the outlook of EVSBG. Delta plans to allocate more resources to this business group to achieve our revenue goal,” Delta chairman Yancey Hai (海英俊) told a media briefing after the firm’s annual general meeting at its research and development center in Taoyuan.

The nation’s biggest power management unit supplier provides direct current to direct current inverters, onboard chargers, charging stations and electric motors.

It is not easy to obtain orders for electric vehicles because of the vehicles’ longer life cycles, and it usually takes at least five years for automakers to develop new models due to safety standards, Hai said.    [FULL  STORY]