Taiwanese Solteam Incorporation's Revenue Could Set a New Record in 2022
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Solteam Incorporation is a long-time partner with Makita on developing power components and power control modules. In recent years it has moved its focus from consumers electronics to hand tools, white appliances, automotive and medical industries, aiming at saving power, environmental protection and the automotive field. Currently, products for electric hand tools and white appliances are the main drivers for the company's revenue growth. Thanks to a strong demand for electric hand tools, Solteam's revenue in Q1 2022 will be higher than in Q4 2021. Besides increasing products for electric hand tools, the company will gradually increase products for electric vehicles. Its revenues for 2022 stands a good chance to set a new record.