Automotive industry in Taiwan
Automotive industry in Taiwan refers to the automotive industry in Taiwan.
Manufacturers
In total, there are around 3,000 automotive-related companies in Taiwan. Hotai Motor accounted for 28.8% of the total cars sold in Taiwan, followed by China Motor Corporation (10.9%), Yulon Nissan Motor Corporation (9.6%) and Honda Taiwan (7.7%).[1]
Exports and imports
Around 41.7% of vehicles sold in Taiwan were imported. In 2016, around 75% of automotive parts and components produced in Taiwan were exported, mainly to the United States (43%, valued at NT$67.8 billion), Japan (6%, valued at NT$9.5 billion), Mainland China (5%, valued at NT$8.2 billion) and United Kingdom (4%, valued at NT$5.6 billion).[2]
Economy
Annually, there are 400,000 cars sold in Taiwan.[2] In total, the output of the entire automotive industries in Taiwan accounted for almost 3% of Taiwan's gross domestic product. In 2016, the output of automotive industry in Taiwan amounted US$20 billion, which was divided into parts and components manufacturing (US$7 billion), domestic car production (US$6.5 billion) and vehicle electronics (US$6 billion).[1] In 2013, the automotive industry output accounted for 2.7% of Taiwan's total manufacturing output.[2]
Taiwanese firms increasingly invested in automotive electrification, 75% of Tesla, Inc.’s suppliers are Taiwanese.[3] Taiwan is one of the few places in the world with a comprehensive EV supply chain and Taiwan is an integral part of global EV supply chains.[4]
Research
Automotive-related research institutes in Taiwan are Automotive Research & Testing Center and Industrial Technology Research Institute.[2]
See also
References
- ^ a b "Taiwan, the unsung hero of automotive innovation". Global Fleet. Retrieved 24 October 2019.
- ^ a b c d Ferry, Timothy (14 December 2016). "Taiwan is a Major Global Player in Auto Parts". AmCham Taipei. Retrieved 24 October 2019.
- ^ Lu, Kuo-chen. "Taiwan's Tesla Boom, and Looking for More". topics.amcham.com.tw. Topics. Retrieved 29 October 2020.
- ^ Angelica, Oung. "Taiwan's EV Supply Chain Cranks into High Gear". topics.amcham.com.tw. Taiwan Topics. Retrieved 10 May 2021.
