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Yongsheng Electric Debuts on Taipei Exchange, Eyes Global Expansion and EV Market
Producer Manufacturing · Auto Parts: OEM · economic_daily · 2026-10-22
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Automotive air conditioning compressor manufacturer Yongsheng Electric went public on the Taipei Exchange, with plans to expand into international markets and develop new EV thermal management technologies.
What Happened
Market Debut: Automotive air conditioning compressor manufacturer Yongsheng Electric officially listed on the Taipei Exchange on the 22nd at an offering price of NT$66 per share. The stock closed at NT$68.2, reflecting positive investor sentiment regarding the company's growth prospects and strategic roadmap.
Global Expansion: To navigate global supply chain shifts and tariff barriers, Yongsheng is actively evaluating overseas production sites. The company aims to strengthen its presence in Europe, North America, and Japan while deepening partnerships with major players to expand its Original Equipment Service (OES) market share.
Technological Innovation: The company is currently developing high-efficiency, low-noise scroll compressors, with completion targeted for late 2026. Furthermore, Yongsheng is exploring new business opportunities in electric vehicle compressors, battery thermal management, and server cabinet cooling systems.
Industry Outlook: Driven by an aging global vehicle fleet and rising demand for aftermarket maintenance, the global automotive air conditioning compressor market is projected to reach $15.6 billion by 2035. Yongsheng is consolidating its R&D and logistics capabilities at its new headquarters to capitalize on these long-term industry trends.