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Macquarie Capital invests in Taiwan's driverless car development

2018/05/03 18:26:04

Taipei, May 3 (CNA) Australia-based Macquarie Capital said Thursday that it plans to set up a joint venture with a Taiwanese driverless car company by the end of this year to tap into the green energy market.

The banking service company will work with 7Starlake Co., the Taiwanese agent of France-based driverless shuttle manufacturer EasyMile, to provide financial and technical assistance, said Ryan Chua (蔡毅霆), director of Macquarie Capital's Taiwan office.

"Considering that the Taiwanese government is moving in the direction of renewable energy development, we think it is the right time to partner with a local company that has the right vision and capability," Chua said.

7Starlake Co. President Martin Ting (丁彥允) said his company has been pushing for driverless buses on Taiwan's streets, using an exclusive lane.

Once the vehicles get operating permission from the transport ministry, the two companies will study the feasibility of setting up roof-based solar panels above the bus lanes to generate electricity needed to run the buses, he said.

"It will be artificial intelligence plus green energy," Ting said.

Macquarie Capital has also been investing in solar power and offshore wind energy in Taiwan.

(By Lee Hsin-Yin)