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Ford Lio Ho Motor, Yulon Motor, China Motor
in Taiwan planning to expand exports of complete vehiclesToyota's subsidiary Kuozui Motors also expected
to start exporting vehicles in 2008

Nov. 23, 2007 No.625


  The new vehicle sales in Taiwan, which recovered to a level of around 500,000 in 2004 to 2005, declined in 2006 to 366,000 due to influences from the sluggish economy. The production of vehicles in 2006 also decreased from that of 2005 by 143,000 to 303,000. The new vehicle sales in the period from January to September 2007 also continue to be in a slump and the production of vehicles decreased by 13.7% compared to that of the previous year.

  There is a string of plans to export finished vehicles from Taiwan, partially due to the sluggish new vehicle sales. Although exports of finished vehicles in 2004 - 2005 were practically from China Motor (Mitsubishi Motors has a stake in the company) only, Ford Lio Ho Motor (Ford's subsidiary) started exporting the Escape in 2006 (the exports in 2006 were 7,216). In 2007, China Motor started exporting for Chrysler while Yulon Motor plans to start exporting under a partnership with Nissan. Kuozui Motors, which is Toyota's subsidiary, is also expected to start exporting finished vehicles in 2008.

■Automobile production/new vehicle sales/finished vehicle exports in Taiwan (units)
  2002 2003 2004 2005 2006 Jan.-Sep.
2006
Jan.-Sep.
2007
Vehicle production 333,699 386,686 430,814 446,345 303,329 239,537 206,821
New vehicle sales 398,877 413,741 484,286 514,626 366,311 286,238 249,984
Exports of CBU 3,043 6,338 1,052 1,081 8,420 5,683 5,910
Export/Production 0.9% 1.6% 0.2% 0.2% 2.8% 2.4% 2.9%
Sources: Production data is from TTVMA (Taiwan Transportation Vehicle Manufacturers Association) and sales data is from the ministry of transportation.

■Production capacity - major automobile manufacturers 460K, commissioned manufacturers 220K

  The major automotive manufacturers that operate in Taiwan are Toyota, Honda, Mitsubishi Motors, Isuzu and Ford, The total annual production capacity of the five manufacturers are 458,000. Nissan, Suzuki, GM, Chrysler and Hyundai Motor commission their production to local manufacturers and the annual production capacity is 220,000 (among the local manufacturers, Formosa Automobile of which annual production capacity is 20,000, has halted the production since the end of 2006).

■Taiwan: Production bases of major automobile manufacturers

  Assembly
plant
Annual
production
capacity
(1,000
vehicles)
Production models
Kuozui Motors Chung Li 100 Toyota Camry, Corolla Altis, Wish
Kuanying 65 Toyota Yaris (Vitz), Vios (based on Vitz),
Innova (IMV), Zace (TUV), Dyna
Hino Trucks & Buses
Honda Taiwan Ping Tung 35 Honda Accord, Civic, CR-V
China Motor Yang Mei 120 Mitsubishi Lancer Fortis, Colt Plus,
Galant Grunder (based on US Galant),
Savrin (Grandis), Old Lancer Virage,
Zinger (based on Challenger),
Veryca (Town Box Wide), Delica, Space Gear,
Varica (Minicab L100), Freeca (AUV)
Fuso Truck, Canter
Chrysler Town & Country
Taiwan Isuzu Motors Tatu 8 Isuzu Elf, Medium-duty Trucks
Ford Lio Ho Motor Chung Li 130 Ford Metrostar (Mondeo),
Ford Tierra/Mazda Isamu Genki (Familia),
Ford Escape/Mazda Tribute,
Ford i-Max/Mazda 5 (Premacy),
Ford Econovan/Mazda Bongo, Ford Focus,
Mazda 3 (Axela), Ford Pronto (Suzuki Carry)
Total production capacity 458  
Yulon Motor San Yi 150 Nissan Livina/Grand Livina, Bluebird Sylphy,
Teana, Tiida, March, X-Trail, Serena,
Cabstar (Atlas)
Buick LaCrosse, Excelle (based on Lacetti sedan)
Prince Motors Tucheng 30 Suzuki Solio, Swift, Every, Carry Pickup,
Grand Vitara
Sanyang Industry Hsinchu 20 Hyundai Elantra, Matrix, Getz Cross, Tucson
Formosa Automobile Tatu 20 (Production of Magnus and Matiz
terminated at the end of 2006)
Grand total production capacity 678  
(Notes) 1. As for Chin Chung Motor, although it planned to start manufacturing the compact model Porter of Hyundai Motor on trust at the end of 2005, the plan has been put on hold.
2. The production of Toyota Zace, Mitsubishi Freeca, and Ford Pronto will be terminated by the end of 2007 partially in order to respond to the strengthening of exhaust emission regulation. The production of Toyota Hiace was terminated at the end of 2006.

■Production of light vehicles in Taiwan to recover 400K in 2011

  According to CSM Worldwide, production of light vehicles in Taiwan will recover from 280,000 of 2006 to 380,000 in 2009 and 400,000 in 2011.

  When looking at the production by automobile manufacturer, Honda will have the full production with 35,000 in 2008. Toyota will recover to the level of 110,000 in 2008 and 140,000 in 2011.

■Light vehicle production in Taiwan by Design Parent (CSM Worldwide forecast) (units)
  Manufacturer Brand 2006 2007 2008 2009 2010 2011 2012
Chrysler China Motor Chrysler 1,743 391 912 4,050 4,197 5,607 6,685
Ford Lio Ho Group Ford 28,480 27,052 35,302 34,882 38,841 41,801 40,952
Mazda 21,856 16,594 17,341 18,552 17,717 18,001 19,704
Total 50,336 43,646 52,643 53,434 56,558 59,802 60,656
GM Formosa Auto Daewoo 1,292 1,077 4,184 4,223 4,046    
Yulon Buick 706 915 1,248 802 6,533 6,785 6,280
Total 1,998 1,992 5,432 5,025 10,579 6,785 6,280
Honda Honda Honda 20,567 28,070 34,813 38,668 39,098 37,803 38,439
Hyundai Sanyang Hyundai 14,335 9,505 13,044 17,868 20,323 21,834 22,882
Mitsubishi China Motor China Motor 11,543 10,703 10,420 9,938 9,319 9,802 10,046
Mitsubishi 31,334 33,719 49,964 49,260 49,821 45,714 39,195
Total 42,877 44,422 60,384 59,198 59,140 55,516 49,241
Renault/Nissan Yulon Nissan 33,793 33,161 52,983 60,844 59,235 54,160 57,039
Suzuki Prince Ford 2,838 2,697          
Suzuki 15,039 12,708 23,722 21,249 20,855 19,778 20,189
Total 17,877 15,405 23,722 21,249 20,855 19,778 20,189
Toyota Kuozui-Toyota Toyota 96,835 97,742 113,768 121,524 127,659 140,903 140,113
Total 280,361 274,334 357,701 381,860 397,644 402,188 401,524
Japanese brand Total 219,424 221,994 292,591 310,097 314,385 316,359 314,679
Source: CSM Worldwide "Light Vehicle Forecast (October, 2007)"
(Notes) 1. Light Vehicle means passenger cars and light commercial vehicles with total weight of 3.5 tons or under.
2. All rights reserved. Permission to copy the data must be obtained from CSM Worldwide.

■Toyota: Sales of Yaris released at the end of 2006 are favorable and launches Innova in 2007

  Toyota released the Innova (IMV) in July 2007. It will terminate the production of the Zace (TUV) by the end of 2007, as it does not meet the exhaust emission regulations that will be strengthened in 2008 in Taiwan. The Company also released the Yaris in November 2006. The Innova and the Yaris are produced by Kuozui Motor. The Yaris has already become Toyota's core model and was in the second best selling model in the period of January to July 2007 in Taiwan (the best selling model was the Corolla Altis).

  The Company is expected to fully remodel the Corolla Altis and start exporting the model to Southeast Asia in 2008.

■Toyota: Start producing Yaris and Innova with Kuozui

  Toyota released the Innova (targeted monthly sales are 900) produced by Kuozui Motor (Toyota holds 51.7% and Hino Motors holds 5%) in July 2007. It released the Yaris (Vitz) also produced by Kuozui Motor in November 2006 (in order to produce the Yaris, the Company expanded the annual production at the Kuanying plant by 20,000).
  In March 2007, the Company made small changes on the Wish that Kuozui Motor manufactures. The targeted monthly sales are 1,500. The Wish, which was released in September 2004, was the best selling minivan in 2006.

■Exports the next Corolla Altis model to Southeast Asia

  Toyota is expected to fully remodel the Corolla Altis in 2008. The Company is believed to be planning to export around 10,000 of the next Altis model annually to Southeast Asia.

■Nissan: Launches Livina/Grand Livina, plans to export the light truck Cabstar to Mexico

  Nissan started producing the Livina/Grand Livina by commissioning the production to Yulon Motor and launched the model in October 2007.

  The Company fully remodeled the light truck Cabstar (Atlas) in November 2007. Nissan plans to export the new Cabstar, which uses a new global platform designed for light trucks, to Mexico.

■Nissan: Starts the production of a strategic model Livina and a new Cabstar by commissioning to Yulon Motor

  Nissan started the production of the Livina series by commissioning to Yulon Motor in September 2007 and Yulon Nissan Motor (Nissan holds 40%) released the model in October 2007. The Livina series is Nissan's strategic model and Taiwan is the third market following China and India. In Taiwan, the Company launched the hatchback Livina, which has a 1.6 L engine and holds five people, as well as the MPV Grand Livina, which has a 1.8L engine and holds seven people, at the same time. The targeted monthly sales are 1,000.
  The Company plans to fully remodel the light truck Cabstar (Japanese name Atlas) that is produced at Yulon Motor on commission in November 2007. The new model is a strategic model and uses a new global platform designed for light trucks (new LDT platform). It will be launched in Taiwan following the Cabstar launched in Europe in September 2006 (produced in Spain), the new Atlas launched in Japan in June 2006 and the Cabstar launched in Mexico in August 2007 (imported from Spain).
  Additionally, the Company released the 2.0L Bluebird Sylphy in early 2007 (the targeted monthly sales are 1,000. The model is produced by Yulon Motor).

■Exports Cabstar to Mexico from the end of 2007 with a planned volume of 5,000/month

  Yulon Nissan plans to export the new Cabstar to Mexico from the end of 2007. The Cabstar that is sold in Mexico is imported from Nissan's base in Spain. But the Company plans to shift it to exports from Taiwan and to export 5,000 per year from Taiwan.

■GM:Releases Excelle following Buick LaCrosse while plans to launch Enclave

  GM released the Buick Excelle, which is produced by Yulon Motor on commission, at the end of 2006. This is the second model following the LaCrosse. The Company plans to release the third locally produced model Enclave in 2008.

■GM: Starts the production of Buick Excelle on commission, plans to launch Enclave

  Yulon GM (GM holds 49%) released the Buick Excelle, which it started producing at Yulon Motor on commission, at the end of 2006. The model has two engine types with 1.6L and 1.8L. The targeted monthly sales are 400 - 500.
  Yulon GM started selling the special specific model CASA (limited to 50 vehicles), which the Company jointly developed the interior and the exterior with a design house DEM Inc. in Taiwan in October 2007. The Company says this is to expand its customer base to younger generations.
  Yulon GM is expanding its product lineups and plans to release the high-class crossover SUV Enclave with a 3.6L engine in 2008 (the production is entrusted to Yulon Motor).

■Honda: Production in Jan. - Sep. increased thanks to favorable sales of new CR-V

  Honda fully remodeled the CR-V, which is produced by a wholly-owned subsidiary Honda Taiwan, in early 2007. The new CR-V has sold over 10,000 in the period of January to July against the targeted annual sales of 15,000. It is in the forth position among the best selling passenger cars by model following Toyota's Corolla Altas, Yaris and Camry. Thanks to the favorable sales of the new CR-V, Honda was the only manufacturer that exceeded the previous year on the production in January to September 2007 by automobile manufacturer.

■Mitsubishi Motors: Releases Lancer Fortis, expands exports to Philippines from China Motor

  Mitsubishi Motors released the Lancer Fortis (Galant Fortis), which China Motor produces, in September 2007. Although its targeted monthly sales are 500, it is believed that the Company received orders of 500 vehicles within a week after the release of the model.

  Also, in May 2007 the Company added the Mitsubishi Zinger (jointly developed with China Motor based on the Challenger) produced by China Motor to the export lineup to the Philippines that started in 2004.

■Mitsubishi Motors: Starts producing Lancer Fortis and Colt Plus at China Motor

  China Motor (Mitsubishi Motors holds 14.61%), which is in the Yulon Motor Group, started the production of Mitsubishi Lancer Fortis (Japanese name Galant Fortis), which China Motor changed the engineering design, in August 2007 and released in September the same year. This is the first time for Mitsubishi Motors to produce the Fortis overseas. The targeted monthly sales are 500. The Company also continues the production of the old Lancer model.
  China Motor in March 2007 started the production and sales of the Colt Plus. The targeted monthly sales are 1,500.
  Additionally, to respond to the reinforcement of the exhaust emission regulations in Taiwan in 2008, Mitsubishi Motors will install an engine that meets the regulations to the Delica. As for the Veryca, China Motor will develop an engine that meets the regulations. The Company will terminate the production of the Freeca by the end of 2007.

■Chrysler: Sells Delica manufactured by China Motor in Mexico, also produces minivans at Southeast Motor of China

  Chrysler is strengthening the alliance with China Motor. The Company produces the minivan Chrysler Town & Country at China Motor and also started the production of a sister model of the Town & Country, the Dodge Caravan at Southeast Motor of China that China Motor holds a stake. The Company also sells the Delica produced by China Motor in Mexico under Dodge brand.

■China Motor: Produces Chrysler Town & Country, also produces Dodge Caravan in China

  China Motor started the manufacturing and sales of Chrysler Town & Country in July 2006. Southeast Motor of China that China Motor holds 25% and Mitsubishi Motors holds 25% also started the production of the Dodge Caravan (a sister model of the Town & Country) in October 2007 to sell from the end of 2007.

■Exports Delica to Chrysler Mexico while expands exports to Mitsubishi Motors' distribution network in Philippines

  China Motor started the exports of the Delica to Mexico in July 2007. The Company started selling the model under the Dodge brand through Chrysler's distribution network in September. The targeted sales are 2,400 by the end of 2007 and 4,000 in 2008.
  China Motor started the export of Mitsubishi Zinger (based on Challenger) in May 2007 and Mitsubishi Motors' distribution network started selling the model in July. China Motor also plans to export the Zinger to Vietnam, Middle East and South/Central America.
  China Motor's targeted export volume of finished vehicles in 2007 is 6,000 (approximately fivefold of the previous year).

■Suzuki: Launches SX4 by importing finished vehicles

  Suzuki imported finished vehicles of the SX4 and started selling in November 2006. The Company has not released models produced locally since the Swift in 2005. Prince Motors, which manufactures Suzuki's vehicles, started having financial problems in September 2007 but Suzuki says there is no plan to alter their partnership.

■Suzuki: Starts import and sales of SX4, continues the partnership with Prince Motors

  Suzuki is expected to terminate the production of the old models of Carry/Every at Prince Motors due to the exhaust emission regulations in Taiwan to be strengthened in 2008. Although Suzuki has not yet revealed its measures to respond to the new regulations such as new engines or introduction of successor models, Prince Motors says it will continue selling Carry/Every.
  Taiwan Suzuki Automobile (Suzuki and Price Motors hold 50/50) that sells Suzuki's imported vehicles started importing and selling the SX4 in November 2006. Taiwan Suzuki Automobile also imports and sells the Jimny and the Grand Vitara (the current model. The Grand Vitara produced by Prince Motors is the old model).
(Note) Prince Motors is a local company that has manufactured and sold the light truck Elf in partnership with Isuzu. The Company planned to take control of Taiwan Isuzu Motors (Isuzu holds 39.5%) from Isuzu in 2006 by taking a 50% stake in it to expand the partnership with Isuzu to large-sized commercial vehicles. However, the Company is in financial crisis as the price of shares of a bank that the Company used as collateral for its bank loans totaling NT$ 20 billion (approximately US$ 600 million) plunged in September 2007 and became insufficient collateral.

■Ford: Launches a new model i-Max and starts local production of diesel Focus

  Ford released the new minivan model i-Max in July 2007, which Ford Lio Ho Motor developed based on Mazda Premacy.

  In August 2007, the Company added a diesel engine specification to the Focus manufactured by Ford Lio Ho Motor. Ford plans to have a diesel engine specification to the new Mondeo scheduled to be released at the end of 2007 and says it will increase the percentage of diesel engine vehicles sold in Taiwan to 30 - 40%.

■Ford: Starts the production of the new minivan i-Max based on Mazda Premacy

  Ford's subsidiary in Taiwan, Ford Lio Ho Motor (Ford holds 70%) started the production and sales of the new minivan i-Max in July 2007. i-Max was developed by Ford Lio Ho Motor based on Mazda Premacy with altered parts such as head/rear lamps, grille, bonnet and front/rear bumpers.

■Manufactures diesel engine Focus and plans to add diesel engine Mondeo

  Ford released the diesel engine Focus TDCi manufactured by Ford Lio Ho Motor in August 2007. Although there is only a MT type at the moment, the Company plans to launch an AT type in 2008. In Taiwan, the ban on sales of passenger cars with diesel engines was lifted in 2004 and import/sales started. Ford was the first manufacturer to start the local production of passenger cars with diesel engines.
  Ford plans the production of the new Mondeo as a successor of the Metrostar (Mondeo) at the end of 2007. It will also start producing the Mondeo TDCi, a diesel engine type, in 2008.
  Ford intends to have 30 -40% of vehicles sold to be diesel engine vehicles in the future. According to Ford, the percentage of diesel engine vehicles accounting sales of passenger cars in Taiwan is 0.06% in 2004, 0.46% in 2005, 4.09% in 2006 and 3.86% in the first half of 2007.

■Continues production of the current model of compact commercial vehicle Econovan/Bongo using improved engines

  Mazda plans to continue the production of the current model of the compact commercial vehicle Ford Econovan/Mazda Bongo using improved engines in order to respond to the reinforcement of the exhaust emission regulations in 2008.

■Formosa Automobile: Terminates the production of former Daewoo models, negotiates a production partnership with GM/VW

  Formosa Automobile terminated the production of former Daewoo models on license at the end of 2006 and is expected to terminate the sales at the end of 2007. The Company is currently negotiating with GM on producing GM-Daewoo models under license. It is also negotiating with VW to produce Skoda models, which its associated company imports and sells, on commission.

■Formosa Automobile: Terminates production of former Daewoo models and negotiates with GM/VW on production partnership

  Formosa Automobile terminated the production of former Daewoo models the Magnus and the Matiz at the end of 2006. The sales of the Magnus and the Matiz under Formosa brand totaled 29,500 since the market launch in 2002. The Company will continue to provide repair parts for the coming 10 years.
  Although Formosa Automobile is believed to be negotiating with GM to produce GM-Daewoo's new models under license, it will distribute DAF Truck of Holland for the foreseeable future (from 2007). Furthermore, Formosa Automobile Sales, an import and distribution company of the Formosa Plastics Group, has been selling Skoda Fabia since the end of 2005 and is believed to be negotiating with VW to produce Skoda models at Formosa Automobile.

■New vehicle sales of 2006 declined by 148K to 366K, Jan. - Sep. 2007 also decreased by 12.7%

  New vehicle sales in 2006 in Taiwan declined by 148,000 compared to those of 2005 to 366,000 (based on the number of registration plates issued) due to aggravated effects from the recession. The lowest sales of new vehicles were in 2001 with 347,000 in the recent 10 years, and the sales of 2006 were the second lowest level.

(Note) In Taiwan, credit cards rapidly become widely used around 2001. However, as the number of delinquents has increased since around the end of 2005, the government put brakes on issues of credit cards from financial institutions as well as on the increase of card usage amounts in 2006, which is believed to have led the protracted recession. As financial institutions became careful against loans to private individuals, the number of people using automobile loans has decreased since the beginning of 2006.

  In 2007, new vehicle sales in January to September decreased by 12.7%. As for the expected figure for the full year, Hotai Motor that distributes Toyota vehicles will only manage to sell 325,000 while China Motor and Yulon Motor from the Yulon Group will only manage to sell 320,000 (both figures released in October 2007. The original forecasts at the beginning of the year were 360,000 - 380,000). As for the forecasts for 2008, Hotai Motor forecasts 360,000 and Yulon Motor forecasts about the same sales as 2007.

■New vehicle sales in Taiwan by brand (units)
  Brand 2002 2003 2004 2005 2006 Jan.-Sep.
2006
Jan.-Sep.
2007
Hotai Motor Toyota 100,531 101,832 133,726 150,324 107,462 80,847 79,203
China Motor Mitsubishi 99,334 84,437 89,252 86,661 55,894 46,027 36,418
Yulon Motor Nissan 56,374 65,806 70,316 65,292 40,117 31,569 26,860
Ford Lio Ho Motor Ford 46,775 49,628 49,768 55,283 30,212 25,086 19,020
Taiwan Mazda Mazda 17,156 19,521 24,822 29,997 24,155 20,186 14,034
Honda Taiwan Honda n.a. 21956 16,577 21,499
Others 78,707 92,517 116,402 127,069 86,515 65,947 52,950
Total 398,877 413,741 484,286 514,626 366,311 286,238 249,984
Sources: Taiwanese ministry of transportation
(Notes) 1. Based on the number of registration plates issued. The highest sales in the past
were 576,000 in 1994. The sales continued to be around 470,000 until 1998.
Sales of Honda in 2002 to 2005 are included in "Others".
2. Toyota includes Lexus and Nissan includes Infiniti.

■Production in 2006 declined by 143K to 303K, Jan. - Sep. 2007 also declined by 13.7%

  Production in Taiwan in 2006 declined by 143,000 compared to that of 2005 to 303,000 due to sluggish sales. The lowest production in the recent 10 years was in 2001 with 272,000 and the production in 2006 was the second lowest level. The production in the period of January to September 2007 also was a 13.7% decrease compared to that of the same period of the previous year.

  Among major manufacturers, Honda is steady. The production in 2006 decreased by 4,000 compared to that of 2005 (although this is a 17% decline, the decrease is rather small compared to other major manufacturers) while the production in January to September 2007 increased compared to the same period of the previous year (other major manufacturers decreased).

■Production in Taiwan by manufacturer (units)
  2002 2003 2004 2005 2006 Jan.-Sep.
2006
Jan.-Sep.
2007
Kuozui Motors 91,126 105,731 130,053 142,492 99,742 76,840 73,453
China Motor 93,973 94,807 96,624 87,656 56,953 46,857 36,960
Ford Lio Ho Motor 60,013 69,065 70,652 79,769 53,174 41,710 33,753
Yulon Motor 56,006 70,234 67,168 64,560 37,563 30,613 23,547
Honda Taiwan   12,535 18,894 24,812 20,559 15,219 21,759
Sanyang Industry 7,893 7,022 17,812 22,326 14,227 11,342 6,800
Prince Motors 9,840 14,207 18,718 17,430 15,039 12,356 8,896
Taiwan Isuzu 2,004 1,642 2,174 4,072 4,680 3,391 1,653
Formosa Automobile 8,586 8,130 6,845 3,208 1,292 1,209  
Chin Chun Motor 4,118 3,313 1,874        
Ta Ching Motors 140            
Total 333,699 386,686 430,814 446,345 303,229 239,537 206,821

Source: TTVMA

■Exports of finished vehicles in 2006 were 8,000 thanks to Ford's expansion, China Motor to expand exports in 2007

  Companies that export finished vehicles from Taiwan are two companies : China Motor, in which Mitsubishi Motors holds a small stake, and Ford's subsidiary Ford Lio Ho Motor Company. Although the scale of exports is still small, the volume reached 8,000 in 2006 and the volume in the period of January to September also reached the same level as that of 2006.

  China Motor used to mainly export the Veryca and the Varica but now exports the Space Gear (from 2004), Galant Grunder (from 2006) and Zinger (from 2007) to Mitsubishi Motors' distribution network in the Philippines. In July 2007, the Company started exporting the Delica to Chrysler's distribution network in Mexico and is expected to expand its export.

  Nissan plans to export the Cabstar produced at Yulon Motor on commission from the end of 2007.

  Ford started exporting Ford Escape/Mazda Tribute in 2006. It mainly exports the right-hand drive Escape to Ford's distribution networks in Japan, Australia and New Zealand.

■Exports of finished vehicles from Taiwan by automobile manufacturer (units)
  2002 2003 2004 2005 2006 Jan.-Sep.
2006
Jan.-Sep.
2007
Kuozui Motors 4 19 8 6 15 10 12
China Motor 788 1,546 996 1,062 1,189 945 2,753
Ford Lio Ho Motor 884 4,491 34 8 7,216 4,728 3,144
Yulon Motor 1,220 183          
Prince Motors 44 16 1 5      
Taiwan Isuzu             1
Chin Chun Motor 103 83 13        
Total 3,043 6,338 1,052 1,081 8,420 5,683 5,910

Source: TTVMA

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