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.
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
CUSTOMERS’ BURDEN: TSMC already has operations in the US and is a foundry, so any tariff increase would mostly affect US customers, not the company, the minister said Taiwanese manufacturers are “not afraid” of US tariffs, but are concerned about being affected more heavily than regional economic competitors Japan and South Korea, Minister of Economic Affairs J.W. Kuo (郭智輝) said. “Taiwan has many advantages that other countries do not have, the most notable of which is its semiconductor ecosystem,” Kuo said. The US “must rely on Taiwan” to boost its microchip manufacturing capacities, Kuo said in an interview ahead of his one-year anniversary in office tomorrow. Taiwan has submitted a position paper under Section 232 of the US Trade Expansion Act to explain the “complementary relationship” between Taiwan and the US
RSS