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Taiwan's Ministry of Economic Affairs Commits NT$50 Billion to Electric Vehicle R&D

 Taiwan's mTARC, a research and development alliance under the Ministry of Economic Affairs, recently announced a new initiative at the 2035 E-Mobility Taiwan exhibition. The alliance plans to invest NT$50 billion over the next four years in research and development of electric and smart vehicles, with the aim of helping the industry establish an international supply chain.

The Ministry of Economic Affairs has also revealed that Taiwan's self-developed autonomous driving technology will be exported to global markets, including Australia. The technology showcased at the exhibition has already attracted 28 domestic and international companies, leading to the establishment of three new start-ups. Among these is WinBus, a production-ready smart autonomous electric minibus that comes with autonomous driving technology and battery management systems. The vehicle has secured a NT$200 million investment from Lioho Machine Works, ltd.  to support a new start-up, "HW Vehicle," which will help manufacturers quickly integrate smart driving systems. The company is expected to enter the international market next year.

Taiwan's resin solid-state battery development supported by goverment  also won the R&D 100 Awards, placing it among the world's top 100 scientific and technological achievements. In 2022, the Industrial Technology Research Institute (ITRI) spin-out startup "Patriot Green Energy Technology" to promote the industrialization of solid-state batteries. The company has already received NT$70 million in investment from domestic manufacturers and is expected to raise an additional NT$300 million through fundraising by the end of this year. The company is currently in talks with automakers such as Zhonghua Automobile and international car manufacturers to introduce the batteries into electric vehicles for road testing. It is estimated that the solid-state battery industry will generate over a billion NT dollars in revenue.

In addition to promoting commercialization of research and development results through start-ups, ITRI has also introduced its autonomous driving technology into 35-tonne tractor-trailers. In 2022, ITRI teamed up with Australia's largest highway operator, Transurban, to become the first to test self-driving technology on Australian highways. With the government's approval to test self-driving tractor-trailers on public roads, this marked the first international export of Taiwan's self-driving technology.

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