Automaker Yulon Motor Co (裕隆汽車) yesterday retained its target to ship 10,000 n7 electric vehicles (EV) within the first year of launch, even though a series of typhoons led to delays in deliveries last month.
Luxgen Motor Co (納智捷汽車) an EV arm of Yulon, has fallen behind its delivery schedule, shipping only 6,091 units in the January-to-October period, Yulon said.
Luxgen seized a 20 percent share of the nation’s EV market last month, behind only Tesla Inc, it said.
Photo: Amy Yang, Taipei Times
Luxgen is quickening its delivery pace in the hope of reaching the shipment goal, Yulon spokesman Steven Lo (羅文邑) told a virtual investors’ conference yesterday.
Shipments of n7 series vehicles are to increase this month, driven by the introduction of new long-range n7 models, Lo said.
With the n7 gaining consumer interest, Yulon’s revenue rose 10 percent during the first 10 months of this year to NT$65.02 billion (US$2 billion), compared with NT$59.05 billion last year, he said.
A newly opened shopping mall in New Taipei City’s Sindian District (新店) is to generate a new revenue stream for Yulon, totaling NT$5 billion, beating an earlier estimate of NT$4.5 billion, the company said.
Next year, the mall might see revenue rise to NT$5.5 billion and help bring in a rental income of NT$470 million, the firm said.
Eslite Bookstore (誠品書店) and operators of restaurants, cafes and clothing brands are among the major tenants of the shopping mall, it said.
On the nation’s auto market, Lo said new car sales in Taiwan are expected to dip 5.58 percent to 440,000 units this year from 466,000 units last year. The forecast remained unchanged from the company’s earlier estimates, he said.
Taiwan’s new car sales in the first 10 months of the year contracted 2.8 percent year-on-year to 371,000 units, as consumers adopted a wait-and-see attitude before the launch of revamped models later this year, Lo said.
Yulon this month released last quarter’s earnings report. Net profit edged up 1.6 percent to NT$1.27 billion during the quarter, compared with NT$1.25 billion in the same period last year, it said.
During the first three quarters, net profit dipped 5.35 percent annually to NT$3.36 billion compared with NT$3.55 billion. Earnings per share dropped to NT$3.2 from NT$3.55.
Gross margin fell to 32 percent during the first nine months, from 36 percent a year earlier.
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
DOMESTIC COMPONENT: Huang identified several Taiwanese partners to be a key part of Nvidia’s Vera Rubin supply chain, including Asustek, Hon Hai and Wistron Nvidia Corp chief executive officer Jensen Huang (黃仁勳), addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship artificial intelligence (AI) processors would help generate US$1 trillion in sales through next year. During a two-and-a-half-hour keynote address, Huang announced plans to push deeper into central processing units (CPUs) — Intel Corp’s home turf — and introduced semiconductors made with technology acquired from start-up Groq Inc. The company even said it was developing chips for data centers in outer space. At the heart of Huang’s speech was the message that demand for computing power
China is clamping down on fertilizer exports to protect its domestic market, industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the US-Israeli war on Iran. China is among the largest fertilizer exporters — shipping more than US$13 billion of it last year — and it has a history of controlling exports to keep prices low for farmers. Shipments through the war-blocked Strait of Hormuz account for about one-third of the sea-borne supply. This month, Beijing banned exports of nitrogen-potassium fertilizer blends and certain phosphate varieties, sources said. The ban, which has not
RSS