The production value of Taiwan’s motorcycles and motorcycle spare parts in the first quarter of this year continued to grow, after hitting record highs in 2019 and last year, the Ministry of Economic Affairs said yesterday.
In the first quarter, output value reached NT$35.6 billion (US$1.29 billion), up 16 percent annually, due mainly to robust exports of gasoline-powered motorcycles and electric scooters, the ministry said in a report.
The motorcycle and spare parts industry’s output value reached record highs of NT$122 billion and NT$132.4 billion in 2019 and last year respectively, ministry data showed.
Photo: CNA
From 2012 to last year, production value grew by an average annual rate of 5.2 percent.
The main products in the industry were gasoline-powered motorcycles and scooters, followed by spare parts, e-bicycles and e-scooters, the report said, adding that production of emission-free e-scooters rose rapidly due to growing environmental consciousness and the rise of athleisure trends.
In the first quarter, the production value of gasoline-powered motorcycles and scooters rose 27.8 percent year-on-year, while that of e-scooters grew 29.8 percent, the largest growth among all product categories, the report showed.
However, sales of e-scooters plunged 60.8 percent year-on-year in the first quarter due to falling international oil prices and reduced government subsidies for purchases of e-scooters, it said.
Japan was the No. 1 destination for Taiwan’s motorcycle and spare parts exports before 2013, whereas from 2014 to 2018, the exports mainly went to the US, data compiled by the Ministry of Finance showed.
In the past few years, Taiwan’s motorcycle and spare parts have mainly gone to the Netherlands, the data showed.
Exports of motorcycle and spare parts to the Netherlands last year reached US$480 million, up 29.8 percent from a year earlier, while its exports to the US were about US$400 million, up 20.7 percent year-on-year, the data showed.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS