Sat, Jan 11, 2014 - Page 14 News List

Autoparts sales increase with rising Tesla orders

REVENUE HIKE:Autoparts makers aim for high sales this year due to rising orders from Toyota and Tesla, as car markets in the US and Europe stay strong

By Camaron Kao  /  Staff reporter

Rising orders from Tesla Motors Inc have boosted two Taiwanese autoparts makers, which reported higher revenues last month, according to their filings to the Taiwan Stock Exchange earlier this week.

Sumeeko Industries Co (世德工業) said sales for last month rose 26.01 percent month-on-month and 30.48 percent year-on-year to NT$107.21 million, the company said in its filing on Thursday.

The company attributed the revenue increase to orders from Toyota Motor Corp and Tesla, as the company started making 120,000 tonnes of fasteners a year for Toyota Camry sedans sold in the US in the fourth quarter last year, up from 80,000 tonnes a year before, the company said.

For the whole of last year, Sumeeko’s revenue totaled NT$1.06 billion, up 8.7 percent from NT$978.25 million in 2012.

The company said it aims to increase sales by 10 percent this year, as Tesla is set to double its sales to 40,000 units from about 21,000 units last year and car markets in the US and Europe are expected to remain strong.

The company will also start supplying its products to Honda Motor Co, Nissan Motor Co and Toyota Motor Thailand Co this year, it said.

Meanwhile, Hota Industrial Manufacturing Co (和大工業), which makes gears and shafts for automobiles, motorcycles and agricultural tractors, on Wednesday said revenue hit NT$363.25 million last month.

Last month’s figure grew 14.96 percent last month from November last year and 24.91 percent higher year-on-year, according to its filing. Orders from Tesla rose to 3,200 units of gears a month last month from 2,400 units a month before December last year, Tesla president Charles Chen (陳俊智) said by telephone.

Chen said sales to Tesla will increase to 4,000 units a month starting in March, making sales to the company account for 6.6 percent of Hota’s total revenue this year, up from 4.6 percent last year.

Last year, Hota reported record revenue of NT$3.73 billion, up 3.01 percent from NT$3.62 billion a year ago, the company said.

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