Automotive industry in Taiwan explained

Automotive industry in Taiwan refers to the automotive industry in Taiwan.

Manufacturers

See main article: List of Taiwanese automakers. 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), 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

Notes and References

  1. Web site: Taiwan, the unsung hero of automotive innovation. Global Fleet. 24 October 2019.
  2. Web site: Timothy. Ferry. 14 December 2016. Taiwan is a Major Global Player in Auto Parts. AmCham Taipei. 24 October 2019.
  3. Web site: Lu . Kuo-chen . Taiwan's Tesla Boom, and Looking for More . topics.amcham.com.tw . Topics . 29 October 2020.
  4. Web site: Angelica . Oung . Taiwan’s EV Supply Chain Cranks into High Gear . topics.amcham.com.tw . Taiwan Topics . 10 May 2021.