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Taipei auto shows spotlight green automotive strategies
The 2024 Taipei AMPA and Autotronics shows highlight the automotive industry’s efforts toward achieving net-zero emissions, with global partnerships and market growth opportunities taking center stage.2024/04/17 17:52 -
MediaTek unveils AI-enhanced automotive cockpit platform
MediaTek is targeting the automotive market with the launch of the Dimensity Auto Cockpit SoC (system-on-chip) platform at Nvidia GTC.2024/03/19 20:16 -
Hotai Motor reports 23,400 vehicle backlog amid sales dip
Taiwanese distributor Hotai Motor, responsible for TOYOTA and LEXUS, reported a backlog of around 23,400 orders during an earnings call on Dec. 8. Despite an expected slight decrease in sales volume, the outlook remains optimistic. Hotai Motor dominates Taiwan’s auto market with a 33.3% share, as TOYOTA and LEXUS sold a combined total of 144,522 vehicles from January to November. The profit for the first three quarters was driven by the company’s core operations, particularly the more profitable LEXUS brand. With 19,000 pending orders for TOYOTA and 4,400 for LEXUS, the current order book suggests business for the next two months. Hotai Motor’s diversified investees, including Carmax, Hotai Finance, and Hotai Leasing, continue to grow. Hotai Insurance also experienced significant growth, except for the investing channel in China, which was affected by competitive pricing from domestic electric vehicle brands like BYD.2023/12/08 17:45 -
Taiwan auto market sets June record amid imported cars surge
Taiwan’s automobile market witnessed a surge in imported brand vehicles in June, with 42,380 new cars registered, marking a 30% year-on-year increase but a slight 0.2% monthly decrease.2023/07/03 20:23