Kwang Yang Motor Co (光陽工業), the nation’s largest motorcycle maker, yesterday said it plans to launch three new models this quarter in a bid to capitalize on business opportunities created by a government measure to reduce air pollution.
“We expect sales growth momentum to sustain over the next few years, as the government hopes to eliminate emissions from two-stroke motorcycles, which would stimulate demand for energy-efficient models,” Kwang Yang CEO Ko Chun-ping (柯俊斌) said at the Taiwan International Motorcycle Industry Show in Taipei.
The Environmental Protection Administration plans to phase out more than 1 million two-stroke motorcycles in three years through subsidy programs, the agency said last week.
Kwang Yang, which sells motorcycles under its KYMCO brand, this year aims to grab an at least 40 percent share of the market, compared with last year’s 37 percent, Ko said.
The company has set an annual sales target of 300,000 motorcycles, compared with last year’s 314,213 units, he said.
The nation’s new motorcycle sales last year rose 20.7 percent to an 18-year high of 852,418 units, industry data showed, due to a five-year government initiative that provides a NT$4,000 subsidy for people who scrap or export a used motorcycle and then buy a new model within six months.
In a bid to attract more young customers, Kwang Yang is working with information technology solutions provider Noodoe Corp (拓連) to integrate the latest Internet of Vehicles technologies in new models, which allow real-time communication between motorcycles and their riders, Kwang Yang said.
Noodoe’s system enables “smart” dashboards that display speed, time and weather information, as well as notifications from riders’ smartphones via an app, Kwang Yang said.
The platform would become standard in all KYMCO motorcycles in five years in a bid to improve customer experience, it said.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
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