Gogoro Inc (睿能創意) on Tuesday reported a healthy increase in electric scooter sales last month, thanks to the rollout of its VIVA MIX series and the renewal of government subsidies.
The company sold 5,945 units, up from 1,107 in February.
That enabled Gogoro to secure an 8.4 percent share of Taiwan’s overall scooter market, up from 2.6 percent a month earlier.
Photo: Amy Yang, Taipei Times
During the first three months of this year, accumulated sales reached 8,119 units, the company said.
Gogoro continued to dominate the local electric scooter market, seizing a 79.9 percent market share in the first quarter.
Together with electric scooters made by Yamaha Motor Co, Aeon Motor Co (宏佳騰), Motive Power Industry Co (摩特動力), Suzuki Motor Corp and Kwang Yang Motor Co (光陽工業), overall electric scooter sales in Taiwan plunged 48.27 percent to 10,159 units last quarter from 19,637 units a year earlier, industry data showed.
Electric scooters accounted for about 6.1 percent of the nation’s scooter sales last quarter.
Scooter sales in Taiwan contracted 5.29 percent to 70,550 units last month from 74,493 units a year earlier, but last month’s figure grew 63 percent from February’s 43,300 units.
In the first quarter, scooter sales shrank 10.88 percent to 166,317 units from 186,617 units a year earlier, data showed.
In the first quarter, Kwang Yang, the nation’s biggest scooter maker, saw its sales drop 8.71 percent to 55,194 units, or a market share of 33.2 percent.
Sanyang Motor Co Ltd (三陽工業) was second with 45,447 units sold, a decline of 11.69 percent from a year earlier, or a market share of 27.3 percent.
Yamaha ranked third with sales of 43,569 units, up 2.38 percent annually. The company was the only scooter maker among the top three that increased sales last quarter.
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
MARKET LEADERSHIP: Investors are flocking to Nvidia, drawn by the company’s long-term fundamntals, dominant position in the AI sector, and pricing and margin power Two years after Nvidia Corp made history by becoming the first chipmaker to achieve a US$1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach US$4 trillion. After the emergence of China’s DeepSeek (深度求索) sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence (AI) infrastructure were set to slow, Nvidia shares have rallied back to a record. The company’s biggest customers remain full steam ahead on spending, much of which is flowing to its computing systems. Microsoft Corp, Meta Platforms Inc, Amazon.com Inc and Alphabet Inc are
RISING: Strong exports, and life insurance companies’ efforts to manage currency risks indicates the NT dollar would eventually pass the 29 level, an expert said The New Taiwan dollar yesterday rallied to its strongest in three years amid inflows to the nation’s stock market and broad-based weakness in the US dollar. Exporter sales of the US currency and a repatriation of funds from local asset managers also played a role, said two traders, who asked not to be identified as they were not authorized to speak publicly. State-owned banks were seen buying the greenback yesterday, but only at a moderate scale, the traders said. The local currency gained 0.77 percent, outperforming almost all of its Asian peers, to close at NT$29.165 per US dollar in Taipei trading yesterday. The
The US overtaking China as Taiwan’s top export destination could boost industrial development and wage growth, given the US is a high-income economy, an economist said yesterday. However, Taiwan still needs to diversify its export markets due to the unpredictability of US President Donald Trump’s administration, said Chiou Jiunn-rong (邱俊榮), an economics professor at National Central University. Taiwan’s exports soared to a record US$51.74 billion last month, driven by strong demand for artificial intelligence (AI) products and continued orders, with information and communication technology (ICT) and audio/video products leading all sectors. The US reclaimed its position as Taiwan’s top export market, accounting for