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.
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
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS