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Honghua Advanced has been listed in Taiwan, targets passenger cars to enter North American market

is honorableTechnology Group subsidiary Honghua Advanced was officially listed on the Taideng Innovation Board today (20th), and a listing ceremony and opening ceremony were held at the Information Display Center of the Taiwan Stock Exchange.Looking to the future, Honghua Advanced will Hon Hai will rely on the speed and capabilities of BOL’s global layout, as well as Yulon’s car manufacturing experience, to provide services.Electric CarThe most flexible and customized CDMS (Contract Design and Manufacturing Service) business model service for customers creates more value for Taiwan’s electric vehicle industry.

At this Honghua Advanced listing ceremony, Liu Yangwei, Chairman of Honorable Hai Technology Group and Honghua Advanced, Huang Qilian, Group Chief Financial Officer, Vice Chairman Zuo Zisheng and General Manager Li Bingyan; Chairman Lin Mingxiu and General Manager of the Stock Exchange Jian Lizhong; Huang Jianhua, chairman of Fubang Financial Group, Huang Bingjun, chairman of Fubang Securities, Xu Shengzhong, chief operating officer of Zicheng Accounting Firm, etc. all attended the meeting.

Chairman Liu Yangwei said Honghua Advanced, which integrates R&D, design and testing of electric vehicles, will be promoted by Hon Hai and Yulon to promote the electric vehicle industry to “base ourselves in Taiwan and see the world.” The decision has been taken for.

Regarding the outside world’s curiosity about the introduction of “Honorable High Model” into Honghua’s advanced process, Chairman Liu Yangwei described it as “speed and quality”. Compared to typical car manufacturers, it often takes five to six years from design to mass development. Production., Honghua has produced four electric vehicles in less than three years, thereby popularizing electric vehicles in Taiwan to serve domestic customers at a faster pace than the industry.

Speaking about external concerns about the progress of mass production of Model C, Chairman Liu revealed that Model C has passed more than a hundred vehicle tests and verifications and obtained a certificate of conformity. “Honghua Advanced ICT products are 100% in compliance with the yield requirements of Hon Hai. We are manufacturing this Model C.”

Looking to the future, Chairman Liu Yangwei pointed out that Honghua Advanced will be based in Taiwan, use its own design and service capabilities in electric vehicles, and use Hon Hai’s BOL and CDMS business models to enter North America. Will cooperate together.Southeast AsiaAmong other mainstream markets, North America will initially prioritize passenger cars; Southeast Asia will focus on electric buses.

Honghua Advanced Capital has a capital of 17.413 billion yuan. Its revenues in 2022 will total Rs 296 million and its net loss after tax will be Rs 1.357 billion. Its revenue in the first three quarters of 2023 will be Rs 588 million and its net loss after that will be Rs 1.419 billion. Its main source of revenue is vehicle sales. The subsequent dual investment in passenger cars and commercial vehicles will significantly increase Honghua Advanced’s revenue.

Cars (TagstoTranslate) Electric Cars (T) Hon Hai (T) Southeast Asia


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