Luxgen Motor Co (納智捷汽車), a subsidiary of Yulon Motor Co (裕隆汽車), yesterday said it is again offering a NT$100,000 discount for its entry-level n7 electric vehicle models.
The n7’s price has gone down from NT$1.099 million to NT$999,000, Luxgen said, adding that there are 25,000 preorders for the model.
MG Motor’s electric hatchback, the MG4, entered the market in the middle of last month, with a starting price of NT$990,000.
Photo: Amy Yang, Taipei Times
China Motor Corp (中華汽車), which distributes MG vehicles in Taiwan, said it aims to sell 1,600 MG4s this year.
MG, originally a British brand, was acquired by China’s SAIC Motor Corp (上海汽車) in 2005.
Asked about competition from MG in the entry-level electric vehicle segment, Luxgen president Jeff Lee (李應生) yesterday said he was not worried, given the difference in target consumers.
The n7 series includes multi-purpose vehicles suitable for families, while MG4 is a compact sports car, he said.
Luxgen started taking new orders for the n7 series last month, after smooth delivery at the beginning of the year, Lee said, adding that the company expects to deliver all the first preorders in the third quarter.
With the number of n7 owners increasing to more than 30,000, Luxgen said it plans to double its n7 experience centers this year from five to 10.
Luxgen had sold 1,037 n7 models last month, marking the third consecutive month of monthly sales exceeding 1,000 units, while MG4 sales reached 122 units last month, the latest data for new car sales released yesterday showed.
Toyota Motor Corp’s vehicles, distributed by Hotai Motor Co (和泰汽車) in Taiwan, remained on top, selling 9,689 units last month, down 7.7 percent month-on-month. It has a market share of 23.3 percent.
Tesla Inc outperformed its peers last month, with sales soaring 214 percent sequentially to 3,898 units, giving the US electric vehicle carmaker a 9.4 percent market share and placing second in local car rankings, data compiled by market researcher U-Car showed.
Lexus, the luxury brand of Toyota, ranked No. 3, with sales rising 5.1 percent month-on-month to 2,628 units last month. Lexus has a 6.3 percent market share.
Mercedes-Benz AG, with a 5.7 percent market share, ranked No. 4. It sold 2,376 units, down 11 percent from May.
BMW AG showed the strongest performance, with sales doubling to 2,280 units, boosted by record-high electric vehicle sales of 984 units last month. BMW has a 5.5 percent market share.
Overall, Taiwan’s new car sales last month edged up 0.3 percent to 41,587 units from May, fueled by strong electric vehicle growth, U-Car data showed.
That brought total new car sales during the first half of this year to 232,503 units, down one percent from the same period of last year, it said.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
RSS