Electric car alliance planned with India

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The government plans to set up an alliance with India to promote Taiwan’s electric cars. (CNA file photo)

The government plans to set up an alliance with India to promote Taiwan’s electric cars. That’s the word from the head of the Taiwan External Trade Development Council, James Huang, on Thursday.

Huang said electric cars are a global trend and Taiwan must jump on the bandwagon. He said Taiwan should not only set up a market in India but also visit India’s local manufacturers, hold forums and procurement meetings. It is estimated that the industry will be worth at least US$150 million.

Huang said an electric vehicles alliance should be the first thing to be set up next year.

Huang said, “After more meetings and reaching a consensus, we will announce the establishment of the alliance. We hope in May we can set up a booth for our electric cars at the Taiwan Expo in India, so we must have this alliance established in the first quarter of next year.”

Huang said Taiwan hopes not only to open up markets for electric cars in India and the target countries of the New Southbound policy, but also any interested supply chains elsewhere. The New Southbound policy aims to enhance Taiwan’s economic and cultural ties with Southeast Asia, South Asia, Australia and New Zealand.