RAC Electric Vehicles Inc
TTWSE:223724.50
TWD
-0.75
(-2.97%)
ISIN
TW0002237005
Return %
Stock
S&P 500
1Y
- -
14.39
3Y
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81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Chih Jung Yang
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Taoyuan Taiwan
- IPO Date
- Dec 23, 2014
- Website
- racev.com
- Similar Companies
- Business
- RAC Electric Vehicles Inc. is a Taiwan-based commercial electric vehicle manufacturer primarily engaged in the research, development, design, manufacturing, and distribution of pure electric buses, electric commercial vehicle chassis platforms, and intelligent transportation solutions. Founded in 2005 and headquartered in Taichung City, Taiwan, the company operates as a core subsidiary of Mobiletron Electronics Co., Ltd. and serves municipal public transit authorities, private bus operators, and commercial fleet enterprises across domestic and international markets. The company provides a comprehensive portfolio of products and services, which are categorized into: Electric Commercial Vehicles, including twelve-meter pure electric low-floor city buses, medium electric passenger buses, and intercity electric coaches; Powertrain and Chassis Systems, featuring modular electric vehicle chassis platforms, integrated electric motor drive units, inverters, transmission systems, and vehicle control units; Energy and Battery Solutions, comprising high-capacity lithium iron phosphate and ternary lithium-ion modular battery packs, proprietary battery management systems, and thermal management technologies; Smart Telematics and Fleet Management, encompassing cloud-based fleet monitoring platforms, remote vehicle diagnostics, real-time energy consumption analytics, and intelligent depot management software; and Charging Infrastructure and Support Services, including turnkey charging depot planning, high-power direct current fast-charging stations, maintenance services, spare parts distribution, and technical consulting. In recent developments, RAC Electric Vehicles Inc. has scaled its manufacturing capabilities with the full operational ramp-up of its advanced smart manufacturing facility in the Taichung Port Free Trade Zone, substantially boosting automated production capacity for electric bus assemblies and battery packs. The company has deepened its global footprint through strategic partnerships with Japan-based Sumitomo Corporation and Japanese transit operators to export electric bus chassis platforms and powertrain systems to the Japanese market. Additionally, RAC Electric Vehicles Inc. continues to secure major multi-vehicle procurement contracts under Taiwan's national mandate to achieve complete public bus fleet electrification by 2030, while introducing next-generation electric bus models integrated with advanced driver assistance systems and autonomous driving technologies.