Date: February 19, 2016
The increasing popularity of smart cars is opening a window of opportunity for
Taiwan’s small and medium enterprises seeking to join the global supply chain.
One of these hidden champions is Taoyuan City-based Tung Thih Electronic Co. Ltd., a leading supplier in Asia of automotive electronics like cameras, parking aids and radio systems.
In 2014 the company won a 10-year contract to ship 70 million parking sensors to 25 assembly plants of General Motor Co. in 18 countries and territories.
Tung Thih CEO Scott Chen said the company beat out Robert Bosch GmbH from Germany and Valeo from France on the strength of its consistently high yield rates and design compatibility with industry heavyweights. To date, the firm has partnered with 24 leading carmakers and jointly developed more than 1,000 tailor-made devices.
“Our goal is to deliver products that set the standard for the international smart car industry,” Chen said. [FULL STORY]