(MENAFN- Think Alliance Group) Taiwan /Hong Kong – March 8, 2022 – Foxconn Interconnect Technology Ltd (“FIT”, Hong Kong Stock Exchange: 6088), a subsidiary of Hon Hai Precision Industry Co. Ltd (2317.TW), is actively deploying in the automotive field. Seeing the rise of personalized transportation after the pandemic, FIT launched the E-bike Display & Advanced Controller product. Taking the user experience as the starting point, unlike the traditional E-bike dashboard controller with as many as 7 to 8 buttons, FIT redefines the E-bike control auxiliary device to make the operation as simple as a bicycle bell. Whether it is an E-bike consumer or a heavy cyclist, consumers can intuitively and smoothly grasp the driving information and ensure driving safety.

FIT has been focusing on the manufacturing of traditional precision electronic components for a long time, and has excellent capabilities in product design and development. Combined with the development of wireless transmission and communication technology achievements in recent years, it has given full play to the resource advantages of the upstream and downstream supply chains of Hon Hai Group. It has developed the E-bike Display & Advanced Controller product. Personalized settings enable functions such as navigation, dashboard, and emergency phone closer to intuitive operation. It endows commuting with intelligent management, and heavy cyclists can also record voyages and personal sports performance. This lightweight, stylish, user-friendly and powerful end product will be exhibited at the Taipei Bicycle Show, Consortium Bicycle and Health Technology Industry Research and Development Center booth from March 9 to March 12, 2022.

Electric bicycles (E-bikes) are dark horses in the field of electric vehicles (EVs). They are labor-saving, lightweight and do not require a driver's license. They are very popular among sports commuters. They have become a popular choice for means of transportation in Europe. According to statistics from the Ministry of Economic Affairs, as early as before the pandemic, the output value of electric bicycles in Taiwan hit a new peak of NT$23.1 billion in 2019. Under the raging of the pandemic in the past two years, the willingness to choose public transportation in Europe has been greatly reduced, and electric bicycles meet the needs of urban population movement. Many governments also encourage people to use bicycles as a means of transportation and provide subsidies for the purchase of electric bicycles, which has greatly increased the sales of electric vehicles.

Taiwan is known as the bicycle mecca. Seeing the potential development of the E-bike market, FIT has become a member of the E-bike supply chain with its key competitiveness in precision manufacturing. Connector products have been sold to the world's top E-bikes brand. In the automotive field, it also exerts its innovative design and manufacturing capabilities, and launched its Display Key products for high-end vehicle keys. In the future, FIT will continue to deploy components and system products in the automotive field, focusing on the development of power management, vehicle networking and human-machine interface, and provide safer and high-quality products in the emerging energy vehicle market.