Taiwan's Ministry of Economic Affairs (MOEA) on June 9 announced the establishment of the Telematics Promotion Office (TPO) specifically to help Taiwan-based companies engaged in telematics hardware and software to cooperate with automakers in China to tap the large local market.
As China is becoming the world's largest car market and local automakers have a large market share, cooperation with Chinese automakers will provide a strong platform for Taiwan's development of telematics, MOEA indicated. With the China market serving as a stepping stone, TPO hopes Taiwan's telematics industry can also tap other emerging markets such as India and eventually mature markets, according to the office.
Article translated by Adam Hwang
