According to foreign media electronicsweekly reports, the United States Smith Electric Vehicle (SMTH) and Taiwan's commercial vehicle manufacturer Taikang Technology Co., Ltd. signed a letter of intent to set up a joint venture company.
Electric vehicles are generally considered to be the development direction of future new energy vehicles. Many passenger car companies are making great efforts to develop electric vehicles, but there are relatively few companies that specialize in the development of electric commercial vehicles.
Smith Electric and Taikang Technology plans to sign a licensing agreement, which will cover the electric vehicle assembly market in Taiwan and open up an important new market.
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