Yulon Group (
"[With the expansion in China] Yulon Group's revenue will jump to nearly NT$300 billion this year following the completion of a spin-off plan this month," said Kenneth Yan (
Yulon announced in late May its plan to divide itself into two separate entities. Under the company's organizational restructuring plan, Yulon this month formally split into Yulon Motor, which will continue engaging in original equipment manufacturing, and Yulon Nissan Co (裕隆日產), a new joint-venture 40 percent owned by Nissan Motor Co.
The Yulon Nissan Co will take part in all investment projects in China together with Nissan, as well as all Nissan-car related business in the greater China region, a partnership that is expected to help Yulon gain over its rivals.
"We'll join Nissan's expansion efforts in China by providing car-design, developing and producing capabilities," Yan said during a speech at Yulon Motor's 50th anniversary ceremony.
"Expanding in China is unavoidable," Yan said.
Yulon Nissan is expected to produce a total of 550,000 vehicles in 2006 and 900,000 vehicles by 2009 thorough its Chinese unit Fengshen Automotive Co (
Fengshen, a three-way investment between Yulon Nissan, Nissan and China's Dongfeng Motor Corp (
Compared with limited growth in Taiwan, China's automobile market is expected to jump by 10 percent to 20 percent annually in the foreseeable future, said Han Chen-ping (
As for China Motor Corp (
Southeast Motor's sales of 500 million Chinese yuan (about NT$2 billion) constituted about one-third of China Motor's total sales of NT$6 billion during the first nine months this year, according to Yulon.
In terms of earnings, Yulon Nissan spokesman Wu Hsin-fa (
The good news, however, did not move the Yulon Motor's and China Motor's shares yesterday. Yulon Motor shares dropped by 0.72 percent to end at NT$41.50 each, while China Motor shares remained unchanged on the TAIEX.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the