Hotai Motor, Taiwan's automotive leader, projected Taiwan's vehicle market will reach 460,000 units in 2024, up from a prior estimate of 450,000 units, citing steady domestic demand and improved production conditions.

Leading offshore wind turbine component maker Yeong Guan Energy Technology has announced that mass production at its Taichung plant will begin in 2025, while its plant in Thailand will begin trial production in mid-2025. Amid the trend toward supply chain diversification, the company has already received numerous inquiries from European companies about production in its Thailand plant, potentially boosting growth next year.

The global push toward net-zero emissions is transforming industries, presenting both challenges and unprecedented opportunities. With 198 countries committed to net-zero targets by 2050, this transition has become essential for businesses seeking long-term sustainability. The industrial PC (IPC) sector stands at the forefront of these changes.

As Taiwan advances its untapped geothermal potential, experts are turning to Nordic countries for inspiration. At the Nordic-Taiwan Sustainable Energy Forum 2024, industry leaders and policymakers convened to explore how Taiwan could mirror the success of Nordic countries in geothermal development, leveraging its position on the geologically active Pacific Ring of Fire.

Leader Electronics' subsidiary, Leader New Energy, plans to kick off construction on a 40-megawatt (MW) E-dReg project by late 2024. Meanwhile, a 99.9 MW E-dReg energy storage project has secured approval from Taipower for grid connection review.

Innolux has pledged to cut greenhouse gas emissions by 25% from 2020 levels by 2030, aligning with its carbon reduction goals. The company targets achieving a 20% renewable energy usage ratio (RE20) across its Greater China facilities, emphasizing systematic and innovative strategies to boost carbon reduction effectiveness.

Through collaborations with US-based Bloom Energy, Taiwan is accelerating its AI data center development, with power supply emerging as a critical challenge. The government plans to establish an AI data center in Tainan, leveraging hydrogen fuel systems to ensure a stable energy supply amid growing demands.

Onsemi's leadership has been increasing its presence in China recently. After Felicity Carson, SVP of global operations at Onsemi, attended PCIM Asia 2024 in Shenzhen at the end of August 2024, company president and CEO Hassane El-Khoury made a subsequent visit to Shanghai to meet with local media.

Foxconn has reportedly secured 200 acres of land in Tamil Nadu for a battery manufacturing plant, aligning with the company's strategic focus on AI and EV as growth engines.

Following Amazon's recent announcement of its investment in nuclear energy in the US, industry watchers are waiting to see if such investment will expand to other regions.

China's N-type TOPCon solar production is grappling with overcapacity. In October, the China Photovoltaic Industry Association (CPIA) and 16 tier-1 manufacturers agreed to a minimum price threshold for solar module quotes. Non-compliance could lead to penalties enforced via whistleblowing mechanisms reminiscent of historical grassroots reporting systems.