List of investors includes 15 Tesla suppliers with investments totaling NT$100 billion
Taiwan News
Date: 2020/10/15
By: Matthew Strong, Taiwan News, Staff Writer
15 Tesla suppliers investing in Taiwanese industries. (AP photo)
The 682 corporations which have invested in Taiwan include 15 suppliers for electric car manufacturer Tesla, with their combined NT$100 billion favoring sectors such as battery and engine manufacturing, CNA reported. The Ministry of Economic Affairs (MOEA) is optimistic that the investments will boost the development of technology related to electric and self-driving vehicles in Taiwan.
The investment program is expected to eventually create 94,050 jobs. Last year saw NT$250 billion of related investment, and 2020 saw another NT$374.9 billion — good for GDP growth of 1.7 percent, according to government officials.
At the weekly Cabinet meeting Thursday, Premier Su Tseng-chang (蘇貞昌) said forecasts by international financial organizations are showing Taiwan to be the only economy of the "Four Dragons" to register positive economic growth this year. [FULL STORY]
