Automotive industry in Taiwan refers to the

automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such ...

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...

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 China Motor Corporation (CMC; ) is an automobile manufacturer based in Taipei, Taiwan. History It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors the following year. On 12 December 1973 they opened the ...

(10.9%), Yulon Nissan Motor Corporation (9.6%) and Honda Taiwan (7.7%).

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 The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

(43%, valued at NT$67.8 billion), Japan (6%, valued at NT$9.5 billion),

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

(5%, valued at NT$8.2 billion) and

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...

(4%, valued at NT$5.6 billion).

Economy

Annually, there are 400,000 cars sold in Taiwan. In total, the output of the entire automotive industries in Taiwan accounted for almost 3% of Taiwan's

gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is oft ...

. 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). In 2013, the automotive industry output accounted for 2.7% of Taiwan's total manufacturing output. Taiwanese firms increasingly invested in automotive electrification, 75% of

Tesla, Inc. Tesla, Inc. ( or ) is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid- ...

’s suppliers are Taiwanese. 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.

Research

Automotive-related research institutes in Taiwan are Automotive Research & Testing Center and

Industrial Technology Research Institute The Industrial Technology Research Institute (ITRI; ) is a technology research and development institution in Taiwan. Founded in 1973, ITRI has contributed to moving Taiwan's industries from labor-intensive to innovation-driven. ITRI is hea ...

References

{{Taiwan topics

Manufacturers

Exports and imports

Economy

Research

See also

References