EV's in China

TAIPEI, Dec 27 (Reuter) - Taiwan's largest industrial conglomerate, Formosa Plastics group, is considering making electric cars in Taiwan and China, a company official on Wednesday quoted chairman Wang Yung-ching as saying.

"Chairman Wang says the company is currently evaluating the electric car project but no final decision has been made," the official said.

Wang returned to Taiwan on Tuesday from Detroit, where he was studying electric car development, the official said.

Formosa Plastics has signed technology transfer contracts with U.S. carmaker Royal Motors to make nickel hydrogen batteries in the United States.

"If we decide to go ahead with the electric car project, we will have to obtain raw materials for the nickel hydrogen battery in mainland China and make the car in Taiwan," the official said.

-- Taipei Newsroom (2-5080815)