Tesla Inc yesterday announced price cuts for its electric vehicles in Taiwan, following recent markdowns in China, Japan, South Korea, Australia and the US to boost buying interest amid weakening global demand.
The Model Y Performance edition, one of its best-selling vehicles in Taiwan, saw the steepest price cut of NT$220,000 (US$7,402) to about NT$2.38 million, information on Tesla’s Web site showed.
The price of the Model Y Long Range version has been lowered by NT$180,000 to about NT$2.12 million, it said.
Photo: AFP
As for its Model 3 series, the price of the RWD version has been cut by NT$60,000 to about NT$1.7 million, while the prices of the Model 3 Long Range version and the Performance version were lowered by NT$149,100 and NT$200,000 to about NT$2.08 million and NT$2.27 million respectively.
The US company said the price cuts would apply to vehicles that have not yet been delivered to buyers.
On Jan. 6, Tesla announced price cuts for its models on sale in China, the second markdown in three months, but the company did not take similar action in Taiwan before the Lunar New Year holiday, which ended on Sunday.
Tesla is the favorite electric-vehicle brand in Taiwan. In the fourth quarter of last year, the company sold more than 4,500 units in the Taiwanese market, marking a new quarterly sales record for any electric vehicle brand in the local market.
Last year, Tesla posted a 95 percent year-on-year increase in sales in Taiwan to more than 11,000 units.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
Micron Memory Taiwan Co (台灣美光), a subsidiary of US memorychip maker Micron Technology Inc, has been granted a NT$4.7 billion (US$149.5 million) subsidy under the Ministry of Economic Affairs A+ Corporate Innovation and R&D Enhancement program, the ministry said yesterday. The US memorychip maker’s program aims to back the development of high-performance and high-bandwidth memory chips with a total budget of NT$11.75 billion, the ministry said. Aside from the government funding, Micron is to inject the remaining investment of NT$7.06 billion as the company applied to participate the government’s Global Innovation Partnership Program to deepen technology cooperation, a ministry official told the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s leading advanced chipmaker, officially began volume production of its 2-nanometer chips in the fourth quarter of this year, according to a recent update on the company’s Web site. The low-key announcement confirms that TSMC, the go-to chipmaker for artificial intelligence (AI) hardware providers Nvidia Corp and iPhone maker Apple Inc, met its original roadmap for the next-generation technology. Production is currently centered at Fab 22 in Kaohsiung, utilizing the company’s first-generation nanosheet transistor technology. The new architecture achieves “full-node strides in performance and power consumption,” TSMC said. The company described the 2nm process as
Even as the US is embarked on a bitter rivalry with China over the deployment of artificial intelligence (AI), Chinese technology is quietly making inroads into the US market. Despite considerable geopolitical tensions, Chinese open-source AI models are winning over a growing number of programmers and companies in the US. These are different from the closed generative AI models that have become household names — ChatGPT-maker OpenAI or Google’s Gemini — whose inner workings are fiercely protected. In contrast, “open” models offered by many Chinese rivals, from Alibaba (阿里巴巴) to DeepSeek (深度求索), allow programmers to customize parts of the software to suit their
RSS