Luxgen Motor Co (納智捷汽車) yesterday unveiled its new URX sports utility vehicle (SUV), saying the model is expected to account for half of its sales next year.
The company had received more than 1,000 pre-orders for the SUV as of Sunday and seeks to raise its sales target to 500 units a month next year, from a minimum of 350 units, Luxgen president Tsay Wen-rong (蔡文榮) told an unveiling ceremony in Taipei.
Sanyi Township (三義), Miaoli-based Luxgen Motor is a subsidiary of Taiwanese automaker and importer Yulon Motor Co (裕隆汽車).
Photo: CNA
The URX, priced at NT$848,000 to NT$1.12 million (US$28,021 to US$37,009) depending on seating capacity, is equipped with augmented-reality display systems and other accessories on par with imported luxury vehicles, Tsay said.
However, buyers would need to pay only NT$798,000 if they take advantage of a government subsidy to replace older cars, he said.
The subsidy program is to end at the end of next year, which would encourage potential buyers to take action, he added.
Regarding the timetable for the launch of fully electric Luxgen vehicles, Tsay urged consumers to be patient.
The company would “wow” people at the Taipei International Auto Show to be held from Saturday next week to Jan. 5, he said, declining to elaborate.
Overall new vehicle sales this year might total 430,000 to 440,000 units after reaching 393,912 units in the first 11 months, Tsay said.
That went against a forecast by Yulon Motor earlier this year that new vehicle sales might weaken to 400,000 to 410,000 units this year, weighed by an economic slowdown and uncertainty.
However, the yearly figure is bound to increase on the back of dealers aggressively promoting new models, Tsay said, adding that an improving economy and rallies on the local bourse would also lend support.
The auto market is expected to hold steady next year, with a positive outlook, Tsay said in his capacity as chairman of the Taiwan Transportation Vehicle Manufacturers’ Association.
The stimulus program is expected to account for 30 percent of vehicle sales next year, he said, adding that the association would try to have the program extended by another five years at the behest of its members.
The association earlier this month helped a bill that aims to lower tariffs on auto component imports clear a legislative committee review. The bill aims to make locally produced vehicles more competitive against imported ones.
TECH BOOST: New TSMC wafer fabs in Arizona are to dramatically improve US advanced chip production, a report by market research firm TrendForce said With Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) pouring large funds into Arizona, the US is expected to see an improvement in its status to become the second-largest maker of advanced semiconductors in 2027, Taipei-based market researcher TrendForce Corp (集邦科技) said in a report last week. TrendForce estimates the US would account for a 21 percent share in the global advanced integrated circuit (IC) production market by 2027, sharply up from the current 9 percent, as TSMC is investing US$65 billion to build three wafer fabs in Arizona, the report said. TrendForce defined the advanced chipmaking processes as the 7-nanometer process or more
China’s Huawei Technologies Co (華為) plans to start mass-producing its most advanced artificial intelligence (AI) chip in the first quarter of next year, even as it struggles to make enough chips due to US restrictions, two people familiar with the matter said. The telecoms conglomerate has sent samples of the Ascend 910C — its newest chip, meant to rival those made by US chipmaker Nvidia Corp — to some technology firms and started taking orders, the sources told Reuters. The 910C is being made by top Chinese contract chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯) on its N+2 process, but a lack
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer’s lifestyle videos, Chinese vlogger Li Ziqi (李子柒), 34, has seen her YouTube subscribers increase to 20.2 million from about 14 million. While YouTube is banned in China, her fan base there — although not the size of YouTube’s MrBeast, who has 330 million subscribers — is close to 100 million across the country’s social media platforms Douyin (抖音), Sina Weibo (新浪微博) and Xiaohongshu (小紅書). When Li finally released new videos last week — ending what has
OPEN SCIENCE: International collaboration on math and science will persevere even if the incoming Trump administration imposes strict controls, Nvidia’s CEO said Nvidia Corp CEO Jensen Huang (黃仁勳) said on Saturday that global cooperation in technology would continue even if the incoming US administration imposes stricter export controls on advanced computing products. US president-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security — a policy continued under US President Joe Biden. The curbs forced Nvidia, the world’s leading maker of chips used for artificial intelligence (AI) applications, to change its product lineup in China. The US chipmaking giant last week reported record-high quarterly revenue on the back of strong AI chip
RSS