Tongtai Machine & Tool

Assembly Line

Taiwan machine tool maker sees EV boom as historic growth chance

πŸ“… Date:

🏒 Organizations: Tongtai Machine & Tool

Yen Jui-hsiung, chairman of Tongtai Machine & Tool, said that while many conventional auto components will disappear in the transition from gasoline to electric cars, an array of new parts and materials are needed for EVs. β€œAll machine tool makers need to redesign their entire portfolios of equipment tools and we have to do that faster,” Yen said. β€œWe have to have a clear overview of what parts will later become obsolete, and we have to build new machines that can build components they will need for their future designs and meet future requirements for automation.”

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