Shihlin Electric, a major heavy electrical equipment manufacturer, announced today that it will minimize risks in the face of the current economic climate. This includes proactively preparing materials, actively transitioning to new businesses such as electric vehicle charging stations, and increasing market share for existing products. The company also stated that it will achieve its operational goals for this year and is on track for growth next year.
The general manager believes that Taiwan's industries must seize favorable conditions, and Shiling Electric will capitalize on these advantages. They will not only maintain their existing product market share but also expand and improve it. They will also need to differentiate their products from their Taiwanese competitors to enhance their competitiveness.
Furthermore, the electric vehicle sector is a new area Shiling Electric is optimistic about. The general manager noted that Shiling Electric has partnered with eTreego, which provides R&D technology, while Shiling Electric provides manufacturing capacity. The two parties are complementary, and they expect charging stations to gradually contribute to revenue starting next year.
After establishing a solid foundation for charging stations, Shiling Electric will also expand into CPO (charge point operator) charging station operations and installation, and MSP (mobility service provider). The general manager explained that partners include automakers, self-service operators, and security companies. Currently, they are in discussions with domestic automakers and major international electric vehicle manufacturers for charging station partnerships.
Shiling Electric has previously focused on two-wheeled vehicles (motorcycles) and has experience developing four-wheeled vehicles (cars) with the Chinese electric logistics vehicle. The general manager stated that they will focus on the transition from motorcycles to cars, targeting specialized vehicles such as motorcycles, snowmobiles, jet skis, and all-terrain vehicles (ATVs). They believe this opportunity comes from existing export customers in Europe and the United States. "Directly adapting, rather than developing and then finding new customers, would be a significant difference."
Shiling Electric's heavy electrical products are also undergoing a transformation. The general manager stated that the company aims to transform itself from a traditional supplier into a system contractor, and even a solution provider. By securing infrastructure and public works contracts, Shiling Electric will not only provide Taipower-related energy storage, solar power, and wind power generation substations, but will also become a turnkey contractor for power plants. In the future, Shiling Electric will also expand into rail transit construction. The company has already completed the electrification of the South-Link Railway, and new projects include the Taoyuan Airport Terminal 3 project. Furthermore, Shiling Electric is integrating servers, inverters, and other technologies to help build automated factories and production lines.
The general manager emphasized that Shiling Electric is no longer just a product supplier; it will continue to grow and create value-added opportunities. Even if the external environment becomes more volatile, the impact will be reduced.
A Shiling Electric spokesperson added that the contribution of charging stations to revenue will gradually increase starting next year, and the company's outlook for next year also includes targets for continued revenue and profit growth. The general manager also stated that this year's operations are on track to achieve established targets and continue to grow next year.