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Car Market Undeterred by COVID-19 in Q1 |
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Although the escalation in COVID-19 spread worldwide is broadly making consumers less willing to spend, the local car market in Taiwan appears undaunted, with sales rising more than 3.1 percent with 30,822 registered cars in the first quarter of 2020 compared to the same period last year, according to government statistics.
Taiwan-based manufacturing giant Hon Hai Precision Industry Co., which has entered electric vehicle development to diversify its product portfolio, is planning to put up car components for sale in 2021.In an investor conference held Tuesday, Hon Hai Chairman Liu Young-way said the company will target the hybrid car market by providing components such as electric car cell modules and engines in two years and is expected to launch components for pure electric car use after that. |
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Yang San Enterprise Co., Ltd. specializes in the development and production of various automotive switches, focusing on automotive power window switches. In response to buyers' requirements and changes in the market, the firm has actively developed new products for automotive sensors and controllers, including fan control modules, speed sensors, fuel level sensors, etc. Products are suitable for various types of passenger cars, commercial vehicles, trucks, trucks, trailers, special vehicles, and other vehicles, and can provide customized services according to customer requirements.
In the face of global competition, the firm insisted that the raw materials must be imported from the United States and Japan while producing in Taiwan in order to uphold the belief of the best quality. Also, it has actively planned to roll out automation control, reaching the advantages of mass production to lower manufacturing costs and improving the product yield to set up higher barriers to entry.... |
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2020 Auto Parts & Accessories |
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