The investment Taiwan office held the 9th joint review meeting of the Welcome Taiwanese Investment Return Action Plan on March 14, 2008, and approved the application for the vehicle king electronic application.
Chewang Electronics mainly produces various related products of automotive electronic components, including most of the parts required for automobiles. In recent years, it has actively developed and produced lithium batteries for vehicles and energy storage systems, and acquired Huade kinetic energy to enter the electric bus market. There are production bases in Taiwan and mainland China, and three subsidiaries in Europe and America focus on marketing services. Since many products produced in mainland China belong to the US-China trade tax list, it was decided to move the production line back to Taiwan, adding new intelligent production lines to Taichung Daya Plant and Taichung China-Hong Kong processing export zone to build new plants to meet capacity demand and total investment. The amount is NT$2.5 billion and it is expected to increase the number of employed people in the country by more than 220.
With the rise of smart cars and electric vehicles, the global electronics industry has gradually shifted from consumer electronics to electric vehicles, self-driving cars, and car networking. Vehicle electronics has become one of the main players in economic growth. Taiwan's auto parts supply chain has already laid a good foundation. The investment in Che Wang Electronics will strengthen the global competitiveness of Taiwanese companies in the vehicle-related smart component industry.
The "Welcome Taiwanese Businessmen's Investment Action Plan" has been implemented since January (108). Over 14 months, 14 manufacturers have passed the qualification examination. The total investment amount exceeds NT$39.9 billion, creating more than 4,400. Employment opportunities, and more than 30 manufacturers expressed their high willingness to return to Taiwan, and the number of applicants continued to climb. From the consultation intensity, we can see that the three major measures of this program make enterprises feel the most: the preferential loans are in line with the capital needs of the transfer production base; the foreign labor pre-nuclear system can accelerate the filling of the manpower of the manufacturers; and the "investment Taiwan office" serves as a single window. The special person project provides customized service, and the high efficiency of issuing the approval letter within 10 days after the application for the application can greatly accelerate the implementation of the return investment by the manufacturer.
Source: Ministry of Economic Affairs R.O.C