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Taipei, June 13 (CNA) Shares in Taiwan moved sharply higher Tuesday to close at a 14-month high after U.S. markets rallied overnight amid hopes that the U.S. Federal Reserve will not raise interest rates at this week's policymaking meeting, dealers said. ....
New vehicle sales last month rose 5.5 percent from May to 32,631 units, beating market expectations of a flat performance, as moderating local COVID-19 infections gave the market a boost, data released by the nation’s motor vehicle offices showed yesterday. That represented an annual expansion of 16.8 percent. As the number of confirmed COVID-19 cases seems to have peaked, consumers were more willing to visit car dealers, said Hotai Motor Co (和泰汽車), which distributes Lexus and Toyota models in Taiwan. Hotai was expecting new vehicle sales to be little changed from May, given chip supply constraints and key component shortages due to ....
Hotai Motor Co (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, yesterday introduced Toyota Motor Corp’s first all-electric sports utility vehicle (SUV), the bZ4X, joining rivals in vying for a share of the nation’s fast-growing electric vehicle market. Starting today, the bZ4X, with a price tag of NT$1.599 million (US$53,780), would be available for online purchase only and customers need to download a special app to place orders, Hotai said. Hotai has received 300 of the electric SUVs, it said, adding that it is not enough to meet robust market demand. A total of 229 electric vehicles were sold in the ....
New vehicle sales dipped 10.6 percent sequentially to 35,254 units last month, as a global chip shortage and transportation gridlocks disrupted shipments, statistics released by the nation’s motor vehicle offices showed. On an annual basis, that represented a decline of 7 percent. Cumulative sales in the first four months of the year contracted 13.5 percent year-on-year to 139,598 units. Given stringent COVID-19 restrictions in China and persistent global chip constraints, it would be difficult to see a significant improvement in vehicles sales in the short term, said Hotai Motor Co (和泰汽車), which distributes Lexus and Toyota models in Taiwan. Hotai expects ....