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Taiwan's new localization rules stun auto industry, MG brand hit hardest

Annabelle Shu, Taipei; Willis Ke, DIGITIMES Asia Monday 19 August 2024 0

Credit: DIGITIMES

A new set of regulations governing mandatory local supply chain cooperation value ratios, announced by Taiwan's Ministry of Economic Affairs (MOEA) on July 30 and swiftly implemented on August 1, has caught Taiwan's automotive industry off guard.

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