Tuesday 2 July 2024
Taiwan-based TECO secures EV power system orders in India
TEMICO, a TECO Electric and Machinery (TECO) subsidiary in India, has secured 55,000 orders for EV power systems.
Wednesday 22 November 2023
Commercial powertrains drive Teco's push into India market
Teco has been actively expanding its electric vehicle (EV) efforts, seeking to produce powertrain systems integrating motors, drivers, gearboxes, and EV charging stations. Although...
Thursday 24 August 2023
TECO imparts business transformation and net-zero supply chain strategies
With the global manufacturing industry moving toward net-zero carbon emissions, Taiwan-based electric machinery company TECO is transforming into a solution provider to help its customers...
Tuesday 17 January 2023
Teco Electric & Machinery acquires PV EPC company
Teco Electric & Machinery has signed with Shine Energy, a Taiwan-based PV EPC (engineering, procurement, construction) undertaker, for Teco's subsidiary Anneng Green Energy to...
Wednesday 16 November 2022
Teco to start production in India in 1Q23
Teco Electric & Machinery will complete construction of a factory in India by the end of 2022 and begin production of motors there in first-quarter 2023, according to company...
Tuesday 25 October 2022
Teco to cooperate with ABB to tap offshore wind power substation market in Taiwan
Teco Electric & Machinery has signed a letter of intent with ABB for cooperation to tap the Taiwan market of offshore wind power substations, according to Teco.
Monday 22 August 2022
Teco Electric & Machinery to complete factory in India at end of 2022
Teco Electric & Machinery is constructing a factory in India and will complete it at the end of 2022, according to company president Thomas Fann at an August 16 investor confer...
Monday 30 May 2022
Teco expects revenue proportion for EV-use products to rise to 5-10% in 5 years
Teco Electric & Machinery expects the percentage of consolidated revenues for products used in electric vehicles (EVs) to increase to 5-10% in five years, according to company...
Friday 22 April 2022
Teco Electric & Machinery to set up 60MW energy storage system for Taipower
Teco Electric & Machinery has won an open bid at NT$2.6 billion (US$91.2 million) for setting up an energy storage system with an installed capacity of 60MW for state-run Taiwan...
Wednesday 20 April 2022
Taiwan charging infrastrucutre outpaced by EV growth
Demand for electric vehicle (EV) charging stations and charging piles continues to grow, as the EV penetration rate increases. Charging stations are the most important piece of infrastructure...
Thursday 7 April 2022
Teco expects growing demand for energy storage systems
Electric machinery maker Teco Electric & Machinery expects demand for energy storage systems to be strong in Taiwan where a large number of offshore wind turbines will be completed...
Wednesday 25 August 2021
Taiwan-based companies strengthen pandemic prevention measures in Vietnam factories
The resurgence of COVID-19 infections has prompted the Vietnamese government and companies operating in the Southeast Asian country to tighten pandemic prevention measures.
Wednesday 14 July 2021
Teco, Phihong to jointly produce EV power charging piles in US
Teco Electric & Machinery and power supply maker Phihong Technology will cooperate to produce levels 2 and 3 fast power charging piles for electric vehicles (EVs) in the US, according...
Tuesday 20 April 2021
Teco eyes PM generators in offshore wind farms
Teco Electric & Machinery has signed cooperative framework agreements with international offshore wind farm developers and makers of PM (permanent magnet) generators for supply...
Wednesday 14 April 2021
Teco invests in ZEPT
Teco Electric & Machinery has acquired a 25% stake in ZEPT, a Taiwan-based startup that develops powertrain modules used in electric vehicles (EVs), for cooperation in developing...