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Tesla supplier Hota eyes US expansion as EV demand surges

Taiwanese autoparts maker also planning new plants at home

Hota International Chairman David Shen says the Taiwanese company aims to supply parts for 2 million electric vehicles a year by 2025. (Photo by Cheng Ting-fang and Hota website)

TAICHUNG, Taiwan -- A leading Taiwanese automotive parts supplier is planning its first U.S. plant as it bets demand for electric vehicles will continue to accelerate.

Hota Industrial Manufacturing -- a key supplier to Ford, General Motors and Tesla -- has set out an aggressive expansion plan that also includes building three new factories in its home market and more than tripling production capacity by 2025.

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