These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The U.S.-based Tesla Motors, world’s leading electric sports sedan developer and vendor, formally sets up shop in Taiwan by putting its local official website online to accept orders by local consumers, marking the beginning of its foray into the Taiwanese market for upscale cars. Tesla Motors Taiwan, which just unveiled a Model S electric sedan last week in a department store in Taipei, capit...
Responding to the brisk pre-orders of Tesla’s Model 3 sedans, Hota Industrial Mfg. Co., Ltd., a Taiwanese conglomerate of transmission system parts, machinery and all-terrain vehicle businesses and Tesla’s exclusive supplier of reduction gear sets, has been planning to set up a plant in the U.S. to better serve the customer and seize considerable business opportunities brought by Tesla’s success....
After the Chinese New Year holidays, of which this year totaled nine days to have likely sapped new car sales as is typically the case, new-car sales in Taiwan lost momentum due to economic uncertainties ahead that could be partly caused by the new administration to take over in May, totaling only 21,561 units, down 13.5 percent from a year earlier, or year-on-year (YoY), and lower than most vend...
Kenda Rubber Ind. Co., Ltd., a Taiwan Stock Exchange (TWSE)-listed tire maker headquartered in Taiwan and with production bases worldwide, recently announced that sales of automotive spare tires and electric two-wheeler tires have been increasing to help steady the momentum behind the maker's operations, albeit with demand from the Chinese market slowing to reflect the widely reported structural ...
The Export Processing Zone Administration (EPZA) under Taiwan's Ministry of Economic Affairs recently approved an application from the domestic Jui Li Enterprise Co. Ltd., a Taiwan Stock Exchange (TWSE)-listed auto-parts maker, to set up a factory in the Pingtung Export Processing Zone (PEPZ) of southern Taiwan. Pingtung is the southernmost city in Taiwan. Jui Li plans to pour more than NT$1.6...
Cheng Shin Rubber Ind. Co., Ltd., a Taiwan Stock Exchange (TSE)-listed automotive tire maker headquartered in Taiwan with several overseas production bases, recently said that the massive Chinese automotive-tire market is seeing some recovery to stabilize this year, so the company's annual tire sales are expected to see minor growth this year, compared to a minor drop in 2015. The tire maker's an...
Some 47,477 new cars (including light commercial vehicles as paneled vans) were sold in Taiwan in the first month of 2016, up 13.5 percent from the previous month, or month-on-month (MoM), but a 1.1 percent decline from the same period of last year, or year-on-year (YoY), according to statistics compiled by Taiwan's Ministry of Transportation and Communications (MOTC). Industry experts pointed...
To further develop its automotive-related business, China Steel Corporation (CSC), reportedly the largest steel maker in Taiwan, recently signed a cooperation agreement with domestic auto-parts makers Engley Auto Parts Co., Ltd. and Honley Auto Parts Co., Ltd. to set up an automotive steel laboratory. The signing ceremony was attended by CSC chairman Song Chih-yu, Engley chairman Lin Chi-p...
CUB Elecparts Inc. of Taiwan, a Taiwan Stock Exchange (TWSE)-listed automotive-electronic parts supplier and recognized as a leading supplier in the global tire pressure monitoring systems (TPMS) market, recently announced its move to acquire 50 to 52 percent share of domestic Harbinger Technology Corp., a communication system integrator, with the deal to allow CUB to participate in Harbinger's o...
Taiwan's Ministry of Finance (MOF) recently announced that the national tax revenue hit a record high of NT$2.12 trillion (US$638.1 billion) in 2015, up 7.2 percent from the previous year to outstrip the original target by NT$173.1 billion (US$5.21 billion). The gap between the actually levied and targeted amounts was also a record high. The Ministry preliminarily predicted that in December, 2...
