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Delta Joins Foxconn in Betting on Electric-Car Riches

  • Longtime Apple supplier predicts rapid growth for EV business
  • Taiwan’s tech companies pin hopes on EVs as new focus area
Yancey Hai
Yancey HaiPhotographer: Debby Wu/Bloomberg
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Delta Electronics Inc. predicted rapid growth at its fledgling electric-vehicle component business for this year and beyond, joining a bandwagon of Taiwanese suppliers bulking up their automotive muscles as tech giants including Apple Inc. venture into the car market.

“Our EV-related business will grow at least at a double-digit rate over the next few years,” Delta Chairman Yancey Hai said in an interview on Wednesday. “We will further integrate our existing power products into modules and optimize them to make it easier for EV makers to build their vehicles.”