Historical Development of Taiwan Automotive Industry

Taiwan, a Southeast Asian region,achieved rapid economic growth and the level of economic development it achieved in the 20th century, making it one of the countries and/or regions that created the Asian Miracle in the 1990s. Following the establishment of the People’s Republic of China under the leadership of Mao, Chinese Nationalist Party leader Chiang Kai-shek established the Republic of China in Taiwan and established Taipei as its capital. Taiwan’s automotive industry began with the establishment of a vehicle manufacturing company in 1953.Starting in the mid-1960s, automotive industry production began to increase, and with the new economic policies of the government from 1985 onwards, rapid production increases in the automotive industry accompanied the high economic growth rates. In addition, Taiwanese automotive companies were able to shift their production to China in order to benefit from the rapid economic growth period in China in the 1980s. Thus, we can say that the rapidly growing Taiwanese automotive industry came into question in the 1990s with all internal and external effects. Focusing on the historical development of the automotive industry is important in order to determine whether the development in the automotive industry is dependent on path. Today, we can say that Taiwan is one of the important automotive manufacturers. However, we can say that it is not one of the leading manufacturers.

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