Apple supplier Foxconn unveils electric vehicles georgeherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from georgeherald.com Daily Mail and Mail on Sunday newspapers.
TAIPEI Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with.The world's largest contract electronics maker, Foxconn already plays a lynchpin role in assembling Apple's iPhones as well as gadgets for a myriad of top international brands.
Yulon Motor chief optimistic about Taiwan s car market focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
COVID-19: Yulon expects COVID-19 restrictions to hurt sales
AUTO CHIP SHORTAGE: Yulon Nissan and Luxgen Motor have raised their chip inventories, so there would not be a supply issue until July, Yulon Motor’s vice president said
By Lisa Wang / Staff reporter
Yulon Nissan Motor Co (裕隆日產), which distributes Nissan and Infiniti vehicles in Taiwan, yesterday said that a spike in COVID-19 infections would dent local automobile sales this quarter as people are opting to stay at home amid restrictions on public movement.
“We expect the pandemic to impact car sales in May, June and July. At this stage, it is premature to say how big the impact will be,” Yulon Nissan spokesman Joseph Hsiung (熊金鐸) told an online investors’ meeting. “It will hinge on whether the government will impose more stringent measures to curb the infections.”
Yulon Motor posts highest net profit in a decade
REBOUNDING MARKETS: Yulon Motor Co said that first-quarter sales in China rose 75.6 percent to 6.48 million units, with sales this year likely to hit 26.3 million units
By Lisa Wang / Staff reporter
Yulon Motor Co (裕隆汽車) yesterday reported net profit of NT$1.36 billion (US$48.58 million) for last quarter, the highest in about a decade and up sixfold from NT$197.23 million a year earlier, as auto sales in China and Taiwan rebounded from a deep COVID-19 slump last year.
Yulon said that operating profit surged to NT$1.85 billion, up from NT$616 million a year earlier, or earnings per share of NT$1.39, from NT$0.13 last year.