By Kuo Chia-erh / Staff reporterAuto parts maker Tong Yang Industry Co (東陽實業) this year plans to ship electric cars parts to its brand clients, hoping to expand its original equipment manufacturing (OEM) business in China, a company official said yesterday. Those customized components are expected to drive the company’s sales growth in the foreseeable future, as autonomous cars and electric cars are trending in the global automobile industry, Tong Yang said. Tong Yang, which entered the Chinese market in the 1990s, has 15 OEM plants and one aftermarket parts plant in China operated in collaboration with major Chinese car brands, including Guangzhou Automobile Group (廣汽集團) and FAW Group (一汽集團). Tong Yang plans to invest about NT$3.1 billion (US$105.94 million) in capital expenditure this year, down from nearly NT$3.4 billion last year. However, its aggregate revenue for the first two months of the year rose 5 percent annually to NT$3.98 billion, company data showed.

Source: Taipei Times March 08, 2018 15:56 UTC