Hotai Motor

Hotai Motor Co., Ltd. is a Taiwan-based automotive-centric conglomerate. It is the largest automobile company and the second largest household appliance company, as well as one of the largest financial holding companies in Taiwan. Traditionally, Hotai is regards as one of the top four conglomerates and the oldest amongst the Big Four business group... s in Taiwan. Hotai Motor can be traced to the founding of its predecessors in China and Japan in 1937 by Lieh-ho Huang. As of 2018, Hotai Motor Co. also has subsidiaries engaging in car rental, auto leasing, auto insurances, auto financial services and auto parts and are dominating position on all sectors related to automobiles in Taiwan. In addition, the conglomerate is also the largest air condition company, and one of the largest insurance companies in Taiwan. In 2018, Hotai Motor completed the acquisition of Zurich Insurance Taiwan for US$198 million, making the company one of the leading insurance companies in Taiwan. Kuozui Motors, a joint venture between Hotai (30%), Toyota (65%) and Hino (5%), manufacturers small-sized vehicles, including cars and commercial vehicles, under the brand name of Toyota and Lexus, as well as large-sized vehicles, including trucks and passenger cars, under the brand names such as Toyota and Hino, in Guanyin and Kuanyin, Taoyuan. As of July 2019, Hotai Motor was the largest automobile manufacturer in the country, occupying 32.5% market share, ahead of its rival Yulon Motor Group.Read More