TECO

TECO Makes Inroads in Southbound Investments

2017/07/20

Via the arrangement of Taiwan External Trade Development Council (TAITRA), journalists from five Southeast Asian nations visited TECO Electric & Machinery during their trip to Taiwan from July 17-21, witnessing the company's remarkable achievements in its southbound initiative, including manufacturing of five-seat electric tricycles in Subic Bay of the Philippines and production of small motors in India, the latter with output expected to top 50,000 units this year.
 
In answering questions from the journalist, coming from media on green industries in Malaysia, Thailand, Indonesia, India, and the Philippines, TECO pointed out that meant mainly for the Southeast Asian market, the aforementioned special electric tricycles boast IP55-level waterproof and anti-dust function for its electromechanical system, to cope with afternoon downpour common in Southeast Asia, with 50 kilometers/hour of maximum speed and cruising range of 80 km, capable of negotiating a 20% slope road, suited to slope terrain in the region. With the launch of mass production at the end last year, the vehicles target mainly the Philippine market initially, as a replacement of existing diesel-fuel sidecar motorcycles, to solve serious pollution caused by the latter and achieve 13% saving in fuel cost.
 
In the wake of years of investment deployment, TECO has had set up manufacturing bases or sales stations in Malaysia, Thailand, Thailand, Indonesia, and India, as well. It, for instance, inaugurated a small-motor plant in Gujarat of India early this year, with output expected to top 50,000 units for entire 2017.
 
TECO has been actively cultivating talent for its southbound initiative, recruiting college graduates in Vietnam, India, Indonesia, and even some African countries and dispatching them to Taiwan headquarters for internship, engaging in R&D, manufacturing, or marketing, before sending them back to their home countries to tap the local markets.