India and Taiwan Join Forces for Electric Vehicle Development
NEW DEHLI, India – Recently India and Taiwan signed a Memorandum of Understanding for the joint development of electric vehicles. The Memorandum partners, the Indian Society of Manufacturers of Electric Vehicles (SMEV) and Taiwan’s External Trade Development Council (TAITRA), agreed to join their efforts in the development of electric vehicles through the exchange of information and technology.
The Memorandum of Understanding (MoU) is to bring investments into India’s electric vehicle sector. The MoU is also to provide opportunities to discuss significant matters like the electric vehicle policies of the governments of the two countries, their market trends, technologies as well as business and investment possibilities. It also aims at establishing a R&D sector in India in order to boost electric vehicle manufacturers in India.
100% electric mobility by 2030
Speaking at the MoU signing ceremony, Sohinder Gill, Director-Corporate Affairs of India’s Society of Manufacturers of Electric Vehicles said, “Our association with TAITRA will provide essential growth tools to the Indian EV sector and helps manufacturers in addressing challenges with real solutions. This MoU underlines the commitment of both partners to the government’s vision of 100% electric mobility in India by 2030.”
TAITRA President Walter Yeh said, “As part of the collaboration, both parties are to undertake several market studies on the electric vehicle sector in order to identify key issues and addressing them accordingly. The associations are also to take the necessary steps for the development of electric vehicles through trade promotion and economic cooperation between the two countries.”
Taiwan electric vehicle alliance
For the joint electric vehicle creating efforts of the two countries Taiwan’s Electric Vehicle Alliance comes into play. This Alliance has been founded in February 2018 and aims to promote Taiwan electric vehicle industry in global markets. Initiated by TAITRA Chairman, James Huang, the alliance brings together Taiwan’s major electric vehicle companies in the supply chain of 2,3 & 4 wheelers, to key industry components such as motors, batteries and battery management systems. The alliance aspires to form a “national electric vehicle team” and to jointly execute marketing campaigns in global markets, particularly in India, Indonesia, Vietnam, Thailand, the Philippines and Europe. Taiwan’s Electric Vehicle Alliance serves as a platform for gathering electric vehicle enterprises and generating collaborative opportunities.