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Delta wins orders from Malaysia for electric car power chargers

2013/12/28 13:52:40

Taipei, Dec. 28 (CNA) Delta Electronics Inc., one of Taiwan's leading power management system suppliers, said Saturday it has secured orders from a Malaysia-based car maker to provide the new client with power charging devices for electric cars.

Delta Electronics said it will provide Tan Chong Motor Holdings Group with power chargers which will be used as part of the standard equipment for a pure electric car model -- Nissan Leaf.

The car vendor, a sales agent for Japan's Nissan Motor Co., introduced the model into the Malaysian market recently.

The deal with Tan Chong Motor marked the success of Delta Electronics' efforts to penetrate the Association of Southeast Asian Nations' (ASEAN) electric car market. Tan Chong is one of the major players in the economic bloc's car business.

Under the agreement with Tan Chong, Delta Electronics will also work with First Energy Networks, a subsidiary of the Malaysian car maker, to set up about 20 power charging stations in electric car sales outlets, shopping malls and government buildings located in Kuala Lumpur, Penang, Melaka and Johor Bahru to serve car drivers.

First Energy Networks is the first electric car power charging services provider in Malaysia.

Delta Electronics said it and Tan Chong aim to build a user-friendly power charging environment to help electric car drivers complete power charging in four hours in a bid to cut carbon emissions.

Delta Electronics said the company has taken the lead over its peers in developing power chargers for electric cars as part of its efforts to diversify its product portfolio and boost its bottom line.

So far, its electric car power charging devices have been certified by CHAdeMO Association in Japan, which pushes for fast electric car power charging, while the products have passed tests for major electric car makers in Japan, Europe and the United States.

In addition to the Malaysian market, Delta Electronics has entered other overseas electric car power charging markets, such as Hong Kong, Thailand and Norway.

As a large-cap stocks in the Taiwan Stock Exchange, Delta Electronics is one of the favorites for foreign institutional investors. As of Friday, foreign investors owned a 76.08 percent stake in Delta Electronics.

In the first nine months of this year, Delta Electronics posted NT$5.38 in earnings per share, up from NT$4.90 in EPS recorded a year earlier.

(By Han Ting-ting and Frances Huang)