August 27, 2007 -- The Industrial Development Bureau (IDB) under the Ministry of Economic Affairs (MOEA) will promote the development of Taiwan's vehicle electronics industry in an effort to help the industry achieve annual output of NT$300 billion (US$9.08 billion) by 2015, an IDB official said. The IDB will invite cooperation from local companies in whole vehicle manufacturing, information technology, communications, and optronics, in order to help them develop vehicle electronics products for the global market.

Through industry integration and technological assistance, the IDB will help local firms in developing their own vehicle electronics products. The IDB will also improve product inspection and the testing environment and methods for local firms and help them join international exhibitions to attract foreign buyers. The global vehicle electronics industry's annual output is expected to reach US$166.4 billion by 2009, the official said.

According to the official, the industry, which aims to make cars safer and more intelligent and environmentally friendly, has major sectors, including powertrain, driver information system, vehicle body, chassis, security and safety. Taiwan has a good chance of becoming a global leader in the industry because it already enjoys advantages in information and communications technology and has a strong ability to integrate industry, the official said.

Source: Asia Pulse
Source: Factiva