Description
With a bilateral trade volume of EUR 28 billion in 2022 and over 250 German companies active in Taiwan, the island is Germany’s fifth important trading partner in Asia. While Taiwan is well known for its strong footprint in the global semiconductor supply chain, Taiwanese OEMs are now also tapping into the field of electric vehicle manufacturing, with a strong focus on software and electric systems, which makes their strengths complementary to traditional German vehicle manufacturers.