SMEV inks MoU with Taiwan trade body

India and Taiwan have jointly decided to develop electric vehicles (EV) through the exchange of information and technology. The Society of Manufacturers of Electric Vehicles (SMEV) has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA) to create an ecosystem for electric mobility. They will jointly organise an EV Forum during Taiwan Expo in New Delhi, India on May 18, 2018.

The partnership provides opportunities to discuss significant matters like Governments’ EV policies, EV market trends, technologies, business and investment possibilities available in the EV sector. It also aims at establishing an R&D sector in India, giving a boost to EV manufacturers in the country at the grassroots level. Besides, the MoU will provide local assistance to the representatives of both the associations for promoting their business interest in the country.

“Our association with TAITRA will provide essential growth tools to the Indian EV sector and help the manufacturers in addressing the challenges with real solutions. This MoU underlines the commitment of both partners to the government’s vision of 100 % electric mobility in India by 2030,” said Sohinder Gill, Director-Corporate Affairs, SMEV.
“Both the parties would be undertaking several market studies on the EV sector to identify key issues and addressing them accordingly. The associations would be taking necessary steps that are feasible for the development of electric vehicles through trade promotion and economic cooperation between the two countries,” said Walter Yeh, President, TAITRA.

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