Automotive industry in Taiwan
Automotive industry in Taiwan refers to the automotive industry in Taiwan.
Manufacturers
In total, there are around 3,000 automotive-related companies in Taiwan. Hotai Motor accounted for 28.8% of the total cars sold in Taiwan, followed by China Motor Corporation, Yulon Nissan Motor Corporation and Honda Taiwan.Exports and imports
Around 41.7% of vehicles sold in Taiwan were imported. In 2016, around 75% of automotive parts and components produced in Taiwan were exported, mainly to the United States, Japan, China and United Kingdom.Economy
Annually, there are 400,000 cars sold in Taiwan. In total, the output of the entire automotive industries in Taiwan accounted for almost 3% of Taiwan's gross domestic product. In 2016, the output of automotive industry in Taiwan amounted US$20 billion, which was divided into parts and components manufacturing, domestic car production and vehicle electronics. In 2013, the automotive industry output accounted for 2.7% of Taiwan's total manufacturing output.Taiwanese firms increasingly invested in automotive electrification, 75% of Tesla, Inc.’s suppliers are Taiwanese. Taiwan is one of the few places in the world with a comprehensive EV supply chain and Taiwan is an integral part of global EV supply chains.