Willas-Array’s bet on growing its automotive segment pays off amid EV boom in China
Add BT as a preferred source
Sharon See
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE global chip shortage and supply chain disruptions would have made last year a much rougher one for electronics distributor Willas-Array Electronics if not for a decision made more than a decade ago to grow its automotive business.
“Our company planned this segment more than 10 years ago because for the automotive industry, the entry barrier is high; it’s not easy,” managing director Alvin Hon told The Business Times (BT).
The design cycle is long, due to safety-related issues, he said, adding that it takes about three to four years before one sees the fruits of an investment.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
