A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS China Airlines and EVA Air quarterly profits surge, plan to resume Taipei-London flights in December Rising air cargo prices and volumes drove China Airlines Ltd.’s (CAL) third-quarter revenue to skyrocket, reaching NT$34.474 billion – an annual increase of…
Hon Hai Unveils First EV Models At its 2021 Hon Hai Tech Day, Hon Hai Precision Industrial Co. – better known as Foxconn – unveiled three electric vehicle prototypes: The Model C SUV, Model E sedan, and Model T electric bus. The vehicles are part of a new “Foxtron” joint venture between Foxconn and the…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Macquarie and Kaison Sign MOU for EVs Macquarie Capital, an Australian-listed institutional investor that has been operating in Taiwan for 17 years, announced on August 18 that it has signed a memorandum of understanding with Taiwan electric bus…
EVA Announces More Flights Domestic airline EVA Airways Corp. is planning to increase its weekly passenger flights from Taiwan to North America in August in response to increased demand. The airline will offer five round-trip flights from Taiwan Taoyuan International Airport to Seattle per week, as well as four to New York, two each to…
Taiwan has a relatively complete supply chain for electric vehicle components, and companies such as Tesla rely heavily on Taiwanese suppliers for a majority of their EV parts. Yet the island has not produced a viable EV brand to contend in the global market. Azizi Tucker first came to Taiwan in 2007 while working for…
Taiwan’s car market experienced substantial sales growth in 2020, recording the highest number of units sold in 15 years. Yet global headwinds and Taiwan’s relative lack of an EV market could slow the momentum in 2021. By Austin Babb and Jason Wu 2020 was a traumatic year for the global automobile industry. Factory shutdowns and…
Given the right government policy and smart marketing by local manufacturers, Taiwan’s love affair with scooters could help the environment. It’s a daily commute for tens of thousands of people, but it has also become an annual pilgrimage for electric motorcycle owners. In what is known as the “motorcycle waterfall,” scooters jostle for position like…
Despite an ambitious government initiative designed to help improve air quality, Taiwan has been slow to embrace electrically powered motor vehicles. Besides electric scooters, the major progress to date has been in development of electrically powered buses, which are already in service in several cities. Nearly all of the electric cars on Taiwan’s roads –…
Though car sales have just started, the company has been sourcing from Taiwan for some time. Last summer, Tesla Motors, the world’s most celebrated electric car maker, finally entered the Taiwan market. The plans were announced to great fanfare on the Fourth of July, and the California-based technology company subsequently opened a pop-up store at…
