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In early 2025, Fortune Electric officially established NEVcity Co., Ltd., marking the launch of its long-term retail development vision.

Following years of strategic planning, the company’s first flagship retail destination, NEVcity, has officially begun construction in Taipei’s Dazhi district and is scheduled for a grand opening in the first quarter of 2027.

Positioned as Taiwan’s first AI-powered department store themed around Energy, Mobility, Technology, and Human-Centered Experiences, NEVcity represents Fortune Electric’s first major step into the retail industry.

“As Fortune Electric has always pursued innovation and industry leadership, NEVcity will continue this spirit by creating a new-generation retail destination designed for the digital era,” said Ithen Hsu, CEO of Fortune Electric.

Future Expansion Strategy|Expanding Across Taiwan

Beyond Dazhi, NEVcity marks the first step in a broader nationwide expansion vision. Building on this flagship destination, future plans include the development of two urban-style malls in key metropolitan areas across northern and central Taiwan, alongside three micro-retail hubs integrated with EV charging and mobility services.

Through this multi-location strategy, NEVcity aims to establish a smart-city retail network that continues to expand its presence, connectivity, and lifestyle services across Taiwan.

Chairman's words

“Hello everyone, I’m Ithen Hsu, CEO of Fortune Electric and Chairman of NEVcity.

 

For more than half a century, Fortune Electric has been deeply rooted in the power, energy, and electrical equipment industries, carrying the mission of powering cities, driving innovation, and leading transformation.

 

As electric mobility, smart living, and the connection between people and spaces continue to converge, we began asking ourselves an important question:
Why can’t we create a destination that is not simply a shopping mall, but a place where energy, lifestyle, and innovation come together?

 

To us, NEVcity is more than a retail destination — it is an urban hub where energy converges. Here, technology becomes more human-centered, energy becomes more approachable, and everyday life becomes more vibrant. Electricity should not only power systems; it should illuminate lives, connect people, and reshape the future of cities.

 

NEVcity is not about becoming bigger than others — it is about creating something more meaningful. Through technology, green energy, and a people-first mindset, we aim to deliver a truly different experience with greater care and vision.

 

I hope NEVcity becomes the kind of place where people can charge their electric vehicles, enjoy shopping, relax with a cup of coffee, and spend quality time with their families — all while experiencing the convenience of smart technology and modern mobility.

 

NEVcity is not simply building another department store. We aim to redefine the next generation of retail experiences. This is not only about transforming a building, but about transforming the relationship between people and the city itself.”

華城匯

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