Vehicle Association: Supporting Localization of Components

Reported 12 months ago

The Vehicle Association issued a statement supporting the national production of components in response to recent legislative inquiries about mainland Chinese vehicles being assembled in Taiwan and the percentage of parts used. Emphasizing the importance of supporting local components, the association hopes for collaboration between the government and the private sector to develop a billion-dollar industry. They support promoting the national production of components but stress the need for gradual implementation and market expansion, envisioning a new billion-dollar industry created through cooperation between industry and government.

Source: YAHOO

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