Page 43 - Taiwan Transportation Equipment Guide (TTG) - 2020-04 Edition - ttg.cens.com
P. 43
Industry News
The Taichung City Government signed a strategic investment deal with an Isuzu Representative.
(Photo courtesy of Taichung City Government)
wide range of vehicles such as trucks, buses, sport importance of the United States to the Taiwan auto
utility vehicles as well as industrial engines, exporting parts industry. Europe has also become a popular
to over 120 countries and regions worldwide. Isuzu’s destination; in 2017, the ratio of exports to Europe
Overseas Sales Minister stated that Taiwan is a very accounted for nearly 30% of total auto parts exports.
valuable partner to expand its overseas footprint. The For example, the exports to Germany in 2017 are
firm feels very honored to be able to build its brand of valued at US$188.6 million, an increase of 27.96%
factories in Taiwan, with hopes of bolstering the local compared to the same period in 2016. Also, Taiwan
economy, while deeply cultivating the performance is the twenty-fourth largest importing country for the
of the Isuzu brand in Taiwan’s market after the Italian auto parts industry. The cumulative import
establishment of the factory. value in the first three quarters of 2018 was 110.18
million euros, a decline of 8.7% compared to the same
Taiwan, a Major Global Player in Auto Parts period in 2017, accounting for 0.93% of the whole
import market in Italy. Taiwan’s auto parts industry has
Over 80% of Taiwanese auto parts manufacturers continued to maintain its competitiveness in the global
are exporting their components overseas, with the market due to the advantages of high-mix, low-volume
main export destinations are the United States, Japan, and flexible production, an established solid market
China, and the United Kingdom. Among them, the US share with excellent after-sales service, competitive
exports account for more than 40%, which shows the pricing, and stable quality.
Keys to the competitiveness of Taiwan’s
auto parts makers are continuing
investment in R&D and flexible production.
