Predecessor | Huatung Motors, Ltd. |
---|---|
Founded | 1984 |
Headquarters | , Taiwan |
Key people | |
Owners |
|
Website | https://www.kuozui.com.tw |
Kuozui Motors | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Chinese | 國瑞汽車 | ||||||||||||||
|
Kuozui Motors (Chinese: 國瑞汽車; pinyin: Guóruì Qìchē) is a Taiwanese manufacturing company that builds Toyotas under license for the domestic market. It began as a co-ownership of Hino Motors and Hotai Motor.[clarification needed] The corporation was spun off and became independent in the 1980s. Toyota still invests heavily in the corporation's production sector, expanding Taiwanese plants.
It was founded as a joint venture, Huatung Motors, Ltd. by General Motors and the Ministry of Economic Affairs, Ministry of National Defense. GM withdrew in 1983.[clarification needed] Hotai Motor, based in Taiwan, then stepped in, and in 1984, along with Hino Motors, established Kuozui Motors.[1] In 2008, Toyota and Hotai Motor increased its stake in the company to form the majority ownership.