‘MAKE OR BREAK’: Electric batteries are crucial for success in the electric-vehicle sector, Sanyang chairman Wu Chin-yuan said, adding that they require considerable investment

Taipei Times
Date: Dec 19, 2018
By: Lisa Wang  /  Staff reporter

Vehicle and motorcycle maker Sanyang Motor Co Ltd (三陽工業) yesterday said it would team up with state-run refiner CPC Corp, Taiwan (CPC, 中油) to build a profitable electric-vehicle (EV) business.

Sanyang Motor would adopt fast-charging batteries developed by CPC for its new electric scooters to complement its own electric battery solutions, according to a memorandum of understanding (MOU).

That would pave the way for the automaker to launch its first electric scooters at the end of next year, the MOU said.

CPC said its long-term investment in fast-charging batteries for electric vehicles would bear fruit.   [FULL  STORY]