Government Funding

There will be a boom in the popularity of electric vehicles in Taiwan in five or six years, Minister of Economic Affairs Shih Yen-shiang said this week while presiding over a ceremony to mark the launch of a government project aimed at encouraging people to buy electric vehicles. Although such vehicles are not cheap, the Smart Electric Cars Pilot Project initiated by the Ministry of Economic Affairs has been set up to help people buy or lease such vehicles, Taiwan’s Taipei Times reported.
Chinese company Anwell Digital Machinery has secured a RMB700m (USD110m) capital injection from the municipal government of Dongguan for the development of a second thin film solar panel factory in the province.