Hota Industrial Mfg. Co., Ltd. (1536.TW)
| Previous Close | 54.80 |
| Open | 55.30 |
| Bid | 54.00 x 0 |
| Ask | 54.10 x 0 |
| Day's Range | 54.00 - 55.30 |
| 52 Week Range | 50.00 - 75.90 |
| Volume | |
| Avg. Volume | 2,159,061 |
| Market Cap | 15.094B |
| Beta (5Y Monthly) | 0.85 |
| PE Ratio (TTM) | 46.15 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.60 (2.96%) |
| Ex-Dividend Date | Jul 03, 2023 |
| 1y Target Est | N/A |
- Reuters
Taiwanese Tesla supplier Hota retools supply chain with first US factory
For years, Hota Industrial Mfg. Co has made gears, shafts and other auto parts in Taiwan and shipped them to large foreign carmakers such as Tesla, Ford Motor and General Motors. But soaring shipping costs during the pandemic and escalating cross-strait tensions have forced some of Hota's customers to re-evaluate their reliance on Taiwan, a democratically governed island that China claims as its own and has not ruled out taking by force. To address client concerns about supply chain security and to move closer to North America, which accounts for 70% of its sales, Hota in September announced a $99 million investment in a plant in New Mexico, its first outside Asia.
- Reuters
Tesla supplier Hota to build first US factory in New Mexico
Tesla supplier Hota Industrial Mfg. Co will invest $99 million to build its first plant outside of Asia in the U.S. state of New Mexico, the Taiwanese company said on Wednesday, citing greater emphasis on regional production in supply chains. Hota, which makes gears and other auto components primarily in Taiwan, said it would begin construction on the factory in Santa Teresa, near the U.S. border with Mexico, early next year and mass production in 2025.
