Porsche Taiwan Ltd (台灣保時捷), a new joint venture between Porsche AG and Universal Motor Traders Ltd (永業), plans to launch the German automaker’s latest electric vehicles in Taiwan over the next two or three years, a company executive said yesterday.
“Our Mission E Cross Turismo cars are coming,” Porsche Taiwan chief executive officer Martin Limpert said at the inauguration of the company’s new office in Taipei, adding that electrification of vehicles will play an important role in the brand’s strategy.
Porsche last week unveiled a new concept version of its Mission E Cross Turismo, an all-electric crossover utility, at the Geneva Motor Show. The vehicle, which has an 800-volt architecture, is capable of accelerating to 100kph in less than 3.5 seconds.
The car can be charged by induction, at a charging station or using the Porsche home energy storage system, Porsche said in a statement.
Porsche Taiwan has yet to decide on which charging options will be provided in the nation, as it is investigating consumer preferences, Limpert said.
At yesterday’s ceremony, Porsche Taiwan said it is to introduce the third generation of Cayenne this year, as well as the thoroughbred sports cars 911 GT2 RS and 911 GT3 RS.
It plans to expand its local dealer network by opening a new Porsche Center in New Taipei City within the next few months.
The company, which has six offices nationwide, said it is also considering setting up exhibition rooms in Kaohsiung, Tainan and Hsinchu.
Universal Motor, a major subsidiary of luxury car distributor Pan German Universal Motors Ltd (汎德永業), was the Porsche’s general agent in Taiwan for more than 45 years, until last year.
Universal Motor has a 25 percent stake in Porsche Taiwan, with Porsche AG holding the rest, a person familiar with the matter said.
Porsche said it hopes to pour more resources into the local market through the establishment of a Taiwanese subsidiary and Universal Motor will retain its position as the brand’s largest distributor in Taiwan.
Porsche last year sold a record 3,358 cars in Taiwan, two more than it had the previous year, company data showed.
In Italy’s storied gold-making hubs, jewelers are reworking their designs to trim gold content as they race to blunt the effect of record prices and appeal to shoppers watching their budgets. Gold prices hit a record high on Thursday, surging near US$5,600 an ounce, more than double a year ago as geopolitical concerns and jitters over trade pushed investors toward the safe-haven asset. The rally is putting undue pressure on small artisans as they face mounting demands from customers, including international brands, to produce cheaper items, from signature pieces to wedding rings, according to interviews with four independent jewelers in Italy’s main
Japanese Prime Minister Sanae Takaichi has talked up the benefits of a weaker yen in a campaign speech, adopting a tone at odds with her finance ministry, which has refused to rule out any options to counter excessive foreign exchange volatility. Takaichi later softened her stance, saying she did not have a preference for the yen’s direction. “People say the weak yen is bad right now, but for export industries, it’s a major opportunity,” Takaichi said on Saturday at a rally for Liberal Democratic Party candidate Daishiro Yamagiwa in Kanagawa Prefecture ahead of a snap election on Sunday. “Whether it’s selling food or
CONCERNS: Tech companies investing in AI businesses that purchase their products have raised questions among investors that they are artificially propping up demand Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday said that the company would be participating in OpenAI’s latest funding round, describing it as potentially “the largest investment we’ve ever made.” “We will invest a great deal of money,” Huang told reporters while visiting Taipei. “I believe in OpenAI. The work that they do is incredible. They’re one of the most consequential companies of our time.” Huang did not say exactly how much Nvidia might contribute, but described the investment as “huge.” “Let Sam announce how much he’s going to raise — it’s for him to decide,” Huang said, referring to OpenAI
The global server market is expected to grow 12.8 percent annually this year, with artificial intelligence (AI) servers projected to account for 16.5 percent, driven by continued investment in AI infrastructure by major cloud service providers (CSPs), market researcher TrendForce Corp (集邦科技) said yesterday. Global AI server shipments this year are expected to increase 28 percent year-on-year to more than 2.7 million units, driven by sustained demand from CSPs and government sovereign cloud projects, TrendForce analyst Frank Kung (龔明德) told the Taipei Times. Demand for GPU-based AI servers, including Nvidia Corp’s GB and Vera Rubin rack systems, is expected to remain high,