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.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS