SYM to manufacture electric scooters using CPC’s battery system
By: Scott Morgan, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwanese motorcycle company Sanyang Motor Co. (SYM, 三陽工業) inked a memorandum of understanding (MOU) with state-owned oil refiner CPC Corp. to solidify joint development of electric scooters on Dec. 18.
SYM will design and manufacture electric scooters using battery technology developed by CPC Corp, and CPC will be responsible for the battery charging and replacement network.
The MOU was signed by CPC Corp. Chairman Tai Chein (戴謙) and SYM Chairman Wu Ching-yuan (吳清源) during an event in Taipei.
The partnership was first announced at the Milan Motorcycle Show in Italy on Nov. 6. At that time, Wu said the partnership will cater to market trends, and suggested the move will cause the least disruption to motorists, who are familiar with the location of CPC stations across Taiwan. [FULL STORY]