automotive industry in Taiwan
{{Short description|none}}
{{Use dmy dates|date=November 2021}}
File:LUXGEN S5 TURBO ECO HYPER 2016.01 001.jpg car in Taiwan]]
Automotive industry in Taiwan refers to the automotive industry in Taiwan.
Manufacturers
{{Main|List of Taiwanese automakers}}
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 (10.9%), Yulon Nissan Motor Corporation (9.6%) and Honda Taiwan (7.7%).{{cite web|url=https://www.globalfleet.com/en/connected-manufacturers-technology-and-innovation/asia-pacific/features/taiwan-unsung-hero|title=Taiwan, the unsung hero of automotive innovation|website=Global Fleet|access-date=24 October 2019}}
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 (43%, valued at NT$67.8 billion), Japan (6%, valued at NT$9.5 billion), China (5%, valued at NT$8.2 billion) and United Kingdom (4%, valued at NT$5.6 billion).{{cite web|first1=Timothy|last1=Ferry|date=14 December 2016|url=https://topics.amcham.com.tw/2016/12/taiwan-major-global-player-auto-parts/|title=Taiwan is a Major Global Player in Auto Parts|website=AmCham Taipei|access-date=24 October 2019}}
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 (US$7 billion), domestic car production (US$6.5 billion) and vehicle electronics (US$6 billion). 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.{{cite web |last1=Lu |first1=Kuo-chen |title=Taiwan's Tesla Boom, and Looking for More |url=https://topics.amcham.com.tw/2020/10/taiwan-tesla-boom/ |website=topics.amcham.com.tw |publisher=Topics |access-date=29 October 2020}} 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.{{cite web |last1=Angelica |first1=Oung |title=Taiwan’s EV Supply Chain Cranks into High Gear |url=https://topics.amcham.com.tw/2021/04/taiwan-ev-supply-chain-cranks-into-high-gear/ |website=topics.amcham.com.tw |publisher=Taiwan Topics |access-date=10 May 2021}}
Research
Automotive-related research institutes in Taiwan are Automotive Research & Testing Center and Industrial Technology Research Institute.